The case, first revealed in Accountancy Age in April last year, has frightened the Inland Revenue to such an extent that it tried to scupper the case earlier this year.
It argued, successfully, that the claims should go through special commissioners, and tax returns, and that the cases were not the jurisdiction of the High Court. That decision was overturned by the Court of Appeal today.
Marks & Spencer will appear at the European Court of Justice early next year, in a hope to reclaim £30m. Experts say it is extremely likely to succeed.
If M&S is successful, all 59 members of Class 1 of the loss relief GLO will be set to receive cheques from the Inland Revenue.
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Government's estimate of a £400m admin saving from Making Tax Digital is way off - and is instead a huge cost burden, warns Lamont Pridmore chief executive Graham Lamont
HMRC is continuing to ramp up the number of raids on premises it carries out as part of criminal investigations, searching 761 properties in the last year