Dealers hopes for another VAT windfall have been dashed. The Supreme Court yesterday overturned earlier positive court decisions in relation to Littlewoods’ claim for compound interest on overpaid VAT.
Dealers have been warned that resolving compound interest claims may take ‘longer than expected’ after the HMRC were given leave to appeal the Littlewoods case at Supreme Court.
Dealers’ claims for compound interest took a move forward last week, with a win for Littlewoods at the court of appeal, says ASE.
