In its second major European engagement of the year, Marks & Spencer is
set to go to the ECJ – over a tax rebate on its chocolate tea-cakes.
The House of Lords ruled yesterday that the ECJ should rule on whether M
&S was entitled to repayment of £3.5m in VAT paid on the tea-cakes over two
The argument hinges on whether or not the chocolate covered cakes are, like
most foods, zero-rated for VAT. Biscuits wholly or partly covered in chocolate
attract a standard VAT charge.
M&S is still awaiting a decision on its group relief claim before the ECJ
as well, with the advocate general having recently given a favourable opinion as
far as M&S are concerned.
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
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