Deloitte is recruiting automotive industry companies to join a £400m class
action against the government it has emerged.
The Big Four firm will bring the action in the autumn unless the government
bows to claims based on a European Court of Justice ruling in the 1990s that
held some Italian companies were being illegally charged VAT, according to
Sunday Telegraph. Some claims of VAT overpayment could date as far back as
The claim relates to refunds already made by the government but at a much
lower rate than the companies believe they are entitled to given real inflation
David Raistrick, Deloitte’s European head of automotive, told The Sunday
Telegraph: ‘If we can’t reach agreement our clients are pushing to obtain the
money by going to court.’
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