M&S begins tax battle with Revenue

Marks and Spencer began its battle with the Inland revenue yesterday, where it presented a case before Special Commissioners to reclaim more than £30m in tax from the government.

Written by David Rae

A spokeswoman for the high street favourite said that the case is expected to last for a week and a decision would be reached 'sometime after that'.

It can, however, take up to six weeks for the Special Commissioners to reach a verdict.

Advertisement

Chas Roy-Chowdhury, head of tax at the ACCA, said that M&S is unlikely to go quietly even if the Revenue wins this round. 'M&S is likely to pursue this to the European Court of Justice if it has to,' he said.

Tags:

Comments

White papers

Related jobs

More Accounting jobs

Spotlight

Stuart Bridges, Hiscox

Stuart Bridges: FD of Hiscox

Dull is the new black in these straightened times –...

Top 30 Accounting Networks and Associations 2008

The race to become the biggest firm on the planet...

Barack Obama Accountancy Age cover October 2008

Obama: asset or liability?

What an Obama presidency could mean for you

Find your next job

Find your next job
Salary Checker

Job of the week

More finance jobs

Newsletters

Sign up here for the very latest news delivered to your inbox. Choose from the following options:

Your next job

Have your say

Will proposed tax cuts help to stimulate the economy?
Yes
No

Advertisement

Search white papers

Search white papers

Advertisement