M&S begins tax battle with Revenue
Marks and Spencer began its battle with the Inland revenue yesterday, where it presented a case before Special Commissioners to reclaim more than £30m in tax from the government.
Link: M&S in £30m tax battle with Inland Revenue
A spokeswoman for the high street favourite said that the case is expected to last for a week and a decision would be reached ‘sometime after that’.
It can, however, take up to six weeks for the Special Commissioners to reach a verdict.
Chas Roy-Chowdhury, head of tax at the ACCA, said that M&S is unlikely to go quietly even if the Revenue wins this round. ‘M&S is likely to pursue this to the European Court of Justice if it has to,’ he said.