The process for UK businesses seeking to launch litigation action against HM
Revenue and Customs in recovering overpaid tax has been limited.
The measure has been outlined in the Budget consultation paper, and from
April 2010, taxpayers will be unable to sue HMRC in the High Court to reclaim
overpaid corporation, income and capital gains tax, according to
The period of time in which businesses can seek a refund has been limited to
Businesses are now being urged to pursue any outstanding claims before the
measure comes into effect.
Peter Cussons, tax partner at PricewaterhouseCoopers, said he expected a
‘surge’ of backdated claims to be filed over the coming 11 months.
Marks and Spencer, British American Tobacco and Cadbury Schweppes have all
previously launched group litigation orders against HMRC.
MTD represents 'the single most significant change to the UK’s system of taxation in recent times', says Knill James partner Nick Rawson. So, how prepared are SMEs for digital tax reporting?
Legislation on the NICs changes to be brought forward in the autumn following publication of 'the full effects of the changes to Class 2 and Class 4' in the summer
The SME community voices concern about the chancellor's measures in the Spring Budget
Following chancellor Philip Hammond’s Spring Budget speech, we explore the key takeaways for businesses and individuals