The judgement held that the Revenue had wrongfully levied ACT against companies with a parent resident in another EU state, so contravening Article 43 of the EC treaty.
The decision opens the way for all UK companies with EU or European Economic Area parents to seek relief for past ACT payments.
Peter Cussons, international tax partner at PricewaterhouseCoopers, which was advising Pirelli in the test case said the decision was a ‘welcome’ one. ‘Once again the courts are acknowledging a taxpayer’s EC treaty argument the result of which could lead to claims in excess of £200m.’
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
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
Six new partners have been revealed by top ten firm Mazars
Investment in people, tech and businesses impacts on EY's profit per partner figure