VAT briefing for May 2014

Lee Squires

Fiona Bantock

Lee Squires and Fiona Bantock examine three recent case decisions on VAT that matter, as well as new rules on the VAT treatment of refunds made by manufacturers

Key VAT developments in recent weeks are as follows.

Littlewoods: compound interest

In Littlewoods Retail Ltd [2014] EWHC 868 (Ch) the High Court considered whether the claimants were entitled to compound interest on VAT overpaid to HMRC during the period 1973 to 2004. The key issue was how to interpret guidance issued by the CJEU in Littlewoods (C-591/10) that the principle of effectiveness required an ‘adequate indemnity for the loss occasioned through the undue payment of VAT’.

The CJEU had held that it was for national courts to determine in...

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Lee Squires and Fiona Bantock examine three recent case decisions on VAT that matter, as well as new rules on the VAT treatment of refunds made by manufacturers

Key VAT developments in recent weeks are as follows.