UK High Court’s Investment Trust Companies ruling is good news for VAT recovery claims

April 03 2013

Robert Waterson, senior associate at Hage Aaronson, explains why the further judgment in Investment Trust Companies (In Liquidation) v HMRC (ITC) is good news for taxpayers who suffered unlawfully levied VAT but had no direct right of action against HM Revenue & Customs (HMRC) under section 80 of the Value Added Tax Act 1994 (VATA).

Unlock this content.

The content you are trying to view is exclusive to our subscribers.

To unlock this content:

Take a Free Trial or Login

Topics

more across site & shared bottom lb ros

More from across our site

Direct Tax

UK Autumn Budget prompts mixed reactions from advisers

Further empowerment of HMRC enforcement has been praised, but the pre-Budget OBR leak was described as ‘shambolic’

Sam Sholli, November 26 2025

Direct Tax

Reflections on the ITR AI in Tax Forum 2025

Michel Braun of WTS Digital reviews ITR’s inaugural AI in tax event, and concludes that AI will enhance, not replace, the tax professional

Michel Braun, November 26 2025

Indirect Tax

Aerial view of Christ and Botafogo Bay from high angle.

Local advisers praise OECD paper on Brazil VAT reform

The report is solid and balanced as it correctly underscores the ambitious institutional redesign that Brazil has undertaken in adopting a dual VAT model, experts tell ITR

Sam Sholli, November 25 2025

Direct Tax

The unpredictable world of tax, with Paulo Vieira da Rocha

The Brazilian law firm partner warns against going independent too early, considers the weight of political pressure, and tells ITR what makes tax cool

November 25 2025

Direct Tax

Dear chancellor, follow the Irish model: a path to long-term prosperity

The lessons from Ireland are clear: selective, targeted, and credible fiscal incentives can unlock supply and investment

Chris Danes, November 24 2025

Indirect Tax

‘Extinction of tax as we know it’: Nitin Agarwal’s in-house bible

The ITR in-house award winner delves into his dramatic novelisation of tax transformation, and declares that 'tax doesn’t need AI right now'

Tom Baker, November 24 2025

Direct Tax

Oslo, Norway - 24 September 2022: PricewaterhouseCoopers or PWC

A taxing week: The PwC tax leaks scandal isn’t just hurting PwC

Recent news of job cuts at EY is symptomatic of how the PwC controversy has tarnished the reputation of the entire ‘big four’

Sam Sholli, November 21 2025

Direct Tax

This week in tax: One-year pillar two safe harbour extension being considered – reports

Experts reportedly discussed extending the safe harbour to 2027 to give countries more time to legislate; in other news, Baker McKenzie and Greenberg Traurig made senior tax hires

Sam Sholli, November 21 2025

Awards