This content is from: Direct Tax

HMRC faces paying billions in compound interest

HM Revenue and Customs may have to payout more than £1 billion ($1.5 billion) to taxpayers after a high court ruling stated that companies should receive higher rates of interest when claiming back overpaid VAT.

To access our market-driven intelligence please request a trial here.

Read this article – and more – for a 30 day period.

REQUEST ACCESS

Are you already an ITR subscriber? Log in here

Instant access to all of our content. Membership Options | 30 Day Trial

Related