In a move that could bring the political discussion to a head much sooner than expected, The European Court of Justice has brought forward its ruling on the UK’s challenge to the proposed EU financial transaction tax (FTT). The decision is now expected next Wednesday, April 30.
The Court of Appeal rejected BT’s £62 million ($104 million) claim for VAT bad debt relief after ruling that the transitional period to make claims had expired.
Reed Employment, a UK employment agency, could have to pay £158 million in unpaid tax due on the salaries of temporary workers, after a tax tribunal decision went against it.
