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).

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

To unlock this content:

Take a Free Trial or Login

more across site & shared bottom lb ros

Direct Tax

The international tax, audit and assurance firm recorded a 4% year-on-year increase in overall turnover to hit $11bn

Tom Baker, December 10 2025

Awards

View the official winners of the 2025 Social Impact EMEA Awards

Shailyn Tirado, December 10 2025

Direct Tax

CIT as a proportion of total tax revenue varied considerably across OECD countries, the report also found, with France at 6% and Ireland at 21.5%

Sam Sholli, December 09 2025

Direct Tax

Erdem & Erdem’s tax partner tells ITR about female leader inspirations, keeping ahead of the curve, and what makes tax cool

December 09 2025

Direct Tax

Unveiling ITR's Global Tax 50 2025

ITR presents the 50 most influential people in tax from 2025, with world leaders, in-house award winners, activists and others making the cut

Tom Baker, December 08 2025

Cormann is OECD secretary-general

December 08 2025

Woldenberg is CEO of Chicago toymaking company Learning Resources

December 08 2025

Lula, as he is commonly known, is Brazil’s president

December 08 2025

Agarwal is director for indirect tax operations at shopping mall operator Majid Al Futtaim

December 08 2025

Perez is global practice leader of Alvarez & Marsal Tax

December 08 2025