Supreme Court Clarity on Interchange Fees is Very Good News for Merchants: Sainsbury’s Supermarkets Limited v Visa; Sainsbury’s Supermarkets Limited v MasterCard [2020] UK SC 24 (on appeal from the Court of Appeal [2018] EWCA Civ 1536)

June 17 2020

Sainsbury’s Supermarkets Limited v Visa; Sainsbury’s Supermarkets Limited v MasterCard [2020] UK SC 24 (on appeal from the Court of Appeal [2018] 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...

Upper Tribunal upholds HMRC compliance and enforcement powers in relation to LLPs

May 27 2020

In a significant decision, HMRC v Inverclyde Property Renovation LLP and Clackmannanshire Regeneration LLP [2020] 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 launches YouTube channel

May 26 2020

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...

HMRC Defeats Arrangement to Obtain £36 million Corporation Tax Relief

May 14 2020

In Union Castle Steamship Ltd v HMRC [2020] 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,...