Tax updates: May 2014

The latest tax news, including the decision in Shop Direct Group v Revenue & Customs ([2014] EWCA Civ 255), comment on Budget pension changes, Ex MFI owner HJ Group part wins £183m expenses of management case, and a solicitior is refused anonymity over SDLT penalty

Shop Direct liable for corporation tax

In the case of Shop Direct Group v Revenue & Customs ([2014] EWCA Civ 255), the Court of Appeal has dismissed Shop Direct Group’s (the Group) appeal and confirmed its liability for corporation tax on the receipt of a VAT repayment and associated interest.

The VAT repayment related to a number of over-payments of VAT made by various companies within the same VAT group which have since permanently discontinued their trades.

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Shop Direct liable for corporation tax

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