Sainsbury’s Supermarkets Limited v Visa; Sainsbury’s Supermarkets Limited v MasterCard  UK SC 24 (on appeal from the Court of Appeal  EWCA Civ 1536) The Supreme Court handed down judgment today in a long-running dispute between Sainsbury’s and other merchants, and the Visa and MasterCard card schemes, over the non-negotiable interchange fees which merchants have to pay...
In a significant decision, HMRC v Inverclyde Property Renovation LLP and Clackmannanshire Regeneration LLP  UKUT 0161 (TCC), the Upper Tribunal has upheld HMRC’s powers to issue a notice and commence an enquiry into returns submitted by a limited liability partnership (LLP). LLPs are bodies corporate and not partnerships under the LLPA 2000 but (if the LLPs undertake activities with...
One Essex Court is pleased to announce the launch of its new YouTube channel, which can be accessed here. The channel will host recordings of webinars conducted by members of Chambers, which will also be available to view via the new Webinars page on the One Essex Court website: https://www.oeclaw.co.uk/seminars/webinars. For those wishing to receive notifications in relation to new content as it is...
In Union Castle Steamship Ltd v HMRC  EWCA Civ 547, a lead case, the Court of Appeal reached a fundamental decision on the relationship between taxation and accounting profits. In upholding the Upper Tribunal’s decision ([UKUT] 316) that a DOTAS registered, marketed tax avoidance scheme was ineffective, the Court of Appeal dismissed Union Castle’s claim that the issue of shares,...
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