Category: VAT

Midlands Co-operative Society Ltd. v. Revenue and Customs Commissioners – WLR Daily

Posted June 21st, 2007 in law reports, VAT by sally

Midlands Co-operative Society Ltd. v. Revenue and Customs Commissioners [2007] EWHC 1432 (Ch) 

“The Value Added Tax Act 1994 and its associated Regulations allowed the benefit of a claim under s 80 of the Act for overpaid output tax to be assigned.”

WLR Daily, 19th June 2007

Source: www.lawreports.co.uk

Please note once a case has been fully reported in one of the ICLR series the corresponding WLR Daily summary is removed.

Revenue to take more litigious line over tax cases – The Times

Posted June 11th, 2007 in corporation tax, income tax, news, VAT by sally

“Revenue & Customs has officially declared war on tax cheats, telling individuals and businesses hoping for negotiated settlements that it would rather see them in court.”

Full story

The Times, 11th June 2007

Source: www.timesonline.co.uk

Law Lords slam crime agency for freezing UMBS payments – The Independent

Posted May 29th, 2007 in fraud, news, proceeds of crime, VAT by sally

“The Serious Organised Crime Agency (Soca), the UK equivalent of the FBI, has been strongly criticised by Law Lords [sic] in the Court of Appeal for its “unlawful” action in freezing payments to a company that the organisation believed may have been involved in a VAT fraud.”

Full story

The Independent, 27th May 2007

Source: www.independent.co.uk