Prudential, the UK international financial services group, is expected to go ahead with an appeal to the Supreme Court in London about legal professional privilege.
The European Court of Justice has ruled that member states can introduce their own schemes to simplify the payment of VAT and to prevent avoidance and evasion of the tax even when that means that intermediate suppliers cannot claim a reimbursement of VAT when goods are not paid for.
The European Court of Justice (ECJ) ruled in favour of the taxpayer in two cases yesterday that looked at whether the leasing transactions were set up to avoid VAT. However, in one case, there are still some questions for the UK courts to decide concerning abusive practice.
