Greene King takes tax case to upper tribunal
Rooney Anand, the chief executive of British brewery Greene King, has vowed to take his fight over a “controversial” tax scheme to the upper-tier tribunal.
Last summer Greene King lost a first-tier tribunal over the scheme devised by Ernst & Young called ‘Project Sussex’ that tried to gain tax relief on a loan payment within the company.
As revealed in a Guardian interview this week during a trading update to investors, the brewer now plans to appeal HMRC’s decision, denying that Project Sussex was an attempt to create millions of pounds of tax relief from nothing.
The second appeal comes despite the Public Accounts Committee citing the group's “purely artificial” scheme as an example of “an illegitimate game to outwit the taxpayer”. MPs singled out Project Sussex among several examples of the “never-ending game of cat and mouse” between advisers and HMRC.
Just last week the PAC attacked the Big Four over the “cosy relationship” and revolving door between advisers and government.