Police lose £10m tax battle
A test case which could have returned £10m in VAT to 33 police authorities has failed after the High Court rejected an application by Greater Manchester Police for a judicial review, Accountancy Age has reported.
A test case which could have returned £10m in VAT to 33 police authorities has failed after the High Court rejected an application by Greater Manchester Police for a judicial review, Accountancy Age has reported.
The force had been seeking to recover £500,000 in VAT payments made on police cars. The High Court ruling means that Customs and Excise policy regarding VAT treatment of police and government has been vindicated.
Mr Justice Collins dismissed an application for judicial review saying that on true construction of Section 33 of the 1994 VAT Act did apply as to bar a refund. Customs commissioners were correct in their interpretation of the law, he added.
The case was organised by tax consultancy Williams Jeffery Barber which argued that Section 33 of the Act applied between January 1993 and August 1995. After then, the law was changed to allow police authorities to claim back the VAT they paid on marked cars but not on most unmarked cars.
If WJB and the police authorities had succeeded in their claim, Customs faced being hit by further retrospective claims.
www.accountancyage.com/tax/77500
The numbers you crunch tell a story. Your expertis...
24yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View article61% say providing financial support for their family is of importance to them, with 77% currently doing so Read More...
View articleStartups face unique financial challenges, such as cash flow volatility and equity-based compensation complexities. Innovative strategies and technolo...
View articleThere is optimism that the IPO market will rebound in the second half of 2024, driven by pent-up demand and potential improvements in economic conditi...
View articleIn 2019, the a survey conducted by the FRC highlighted that only 17% of women held partner-level positions Read More...
View articleDains believes a corporate structure is the best way to maximise the benefits of its growth strategy Read More...
View articleBoth employer and employee will benefit from flexibility and cost-saving Read More...
View articleThere are nine key areas that accounting practices must get to grips with as client expectations and technological developments rise, while team membe...
View articleWhen employees publish opinion and statements on social and other online mediums, they may be leaving themselves open to interpretation of codes of et...
View article