TaxAdministrationDSG and HMRC in tax stalemate

DSG and HMRC in tax stalemate

Case between HMRC and DSG, the owners of electrical store Currys, is adjourned for the parties to reach agreement on the amount of tax involved in the decision

hmrc

HMRC and DSG International remain locked in discussions over a final
settlement in a dispute over transfer pricing arrangements.

The case ­ which is being heard before the special commissioners ­ is thought
to have been adjourned for the parties to reach agreement on the amount of tax
involved in the decision. The commissioners effectively ruled in favour of HMRC
in principle guidance they issued.

While sources have said an appeal by
DSG,
owners of electrical store Currys, is unlikely, a statement from the group said
DSG ‘expects to appeal in the High Court’. The statement said: ‘Given the
complex process to determine and agree such amounts, [the group] cannot at this
stage confirm the timing or the amount that may fall due.’

The group said the decision will not have a material impact on its financial
position. The case relates to intra-group trading arrangements between 1997 and
2005.

Related Articles

HMRC appeal rejected in Tottenham Hotspur case

Administration HMRC appeal rejected in Tottenham Hotspur case

2w Emma Smith, Managing Editor
HMRC issues updated Trusts Registration Service guidance

Administration HMRC issues updated Trusts Registration Service guidance

2w Emma Smith, Managing Editor
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

2m Emma Rawson, ATT Technical Officer
‘Improve rather than lose’ disincorporation relief, tax body urges

Administration ‘Improve rather than lose’ disincorporation relief, tax body urges

2m Austin Clark, Reporter
Are you ready for the Trusts Registration Service?

Administration Are you ready for the Trusts Registration Service?

3m Helen Thornley, ATT Technical Officer
Advisers bullish despite Brexit concerns

Accounting Standards Advisers bullish despite Brexit concerns

1y Fraser Simpson, Reporter
Brexit: Five questions accountants should be asking

Accounting Firms Brexit: Five questions accountants should be asking

1y Fraser Simpson, Reporter
UK votes to leave EU – accountancy profession reacts

Accounting Firms UK votes to leave EU – accountancy profession reacts

1y Fraser Simpson, Reporter