M&S wins cross-border tax relief case

Marks & Spencer has won another court case against HMRC - part of a long legal dispute over the right to claim tax relief from losses at the retailer's now-defunct German and Belgian subsidiaries.

The dispute, which started more than 10 years ago, is about whether M&S can use losses at the subsidiaries to offset taxable profits in the UK.

The latest hearing, in the Supreme Court, was about the interpretation of a statement in 2005 by the Court of Justice of the European Union (CJEU).

The court said that the UK parent should...

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