Marks & Spencer has lost its tax battle over an attempt to claim losses
incurred in its French subsidiary.
As some predicted at the time of the ECJ ruling in December, Galeries
Lafayette, which bought M&S’s loss-making French business, had used the
The ECJ had ruled that companies could claim group relief for losses incurred
where there was no possibility of them being used elsewhere.
Mr Justice Park, who heard the case in the High Court, said yesterday that
the retailer is still pursuing a claim for German and Belgian losses, which
should be sent back to a specialist tax tribunal to be considered.
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Unincorporated businesses under the VAT threshold given an extra year to prepare before MTD becomes mandatory