VAT grouping and claims for reimbursement of unlawfully charged VAT

March 21 2019

The Court of Appeal has today unanimously dismissed appeals by various appellants in a number of proceedings heard together which raised issues about the entitlement to recover unlawfully charged VAT from HMRC in the context of the UK’s VAT grouping provisions. In particular, the appeals concerned who was entitled to bring a s.80 claim for repayment of VAT where the representative member had over-accounted...

Standard Life Aberdeen plc - successful outcome in arbitration

March 20 2019

An arbitral tribunal established in respect of the dispute between the Standard Life Aberdeen (“SLA”) and Lloyds Banking Group / Scottish Widows ("LBG") has ruled in favour of SLA. In particular, the tribunal ruled that LBG was not entitled to give notice, on 14 February 2018, to terminate the investment management agreements in respect of assets managed by members of the SLA group....

Malcolm Gammie QC appears in the successful dismissal of an appeal by the administrators of Lehman Brothers

March 18 2019

The Supreme Court handed down judgment in HMRC v Joint Administrators of Lehman Brothers International (Europe) (in administration) [2019] UKSC 12 on 13 March 2019.  Malcolm Gammie QC appeared for Her Majesty’s Revenue & Customs with Catherine Addy QC. The issue before the Supreme Court was whether the estimated £5billion of statutory interest that was payable under r 14.23(7) of...

Silks Day 2019

March 11 2019

Congratulations to Anna Boase QC following today's Silk ceremony at the Palace of Westminster.