Littlewoods victory in £1.2bn tax battle

Kashflow logo
Managing Editor
Share this content

A high court judge has ruled in favour of Littlewoods in a long-running tax dispute with HMRC dating back more than 30 years.

The home-shopping business, owned by Sir David and Sir Frederick Barclay, won its £1.2bn claim over receiving compound interest on improperly collected VAT.

Following the ruling [Littlewoods Retail v HMRC], Littlewoods said: “The judgment provides a clear and robust resolution to complex issues raised by English and European law.”

It also means HMRC could be...

Please Login or Register to read the full article

The full article is available to registered members only. To read the rest of this article you’ll need to login or register. Registration is FREE and allows you to view all content, ask questions, comment and much more.


Please login or register to join the discussion.

31st Mar 2014 11:33

thats is a result
What the grounds for appeal are good knows

Thanks (0)
31st Mar 2014 14:49


"we cant afford it" me thinks.

Presumably this also means all other claims for interest are now also 'up for grabs' ?

How about interest paid on late debt? That is always simple interest too.

Thanks (1)
01st Apr 2014 14:13

I think a retrospective change in the law is required before the country is bankrupted and today's taxpayer is asked to foot the bill for a historic cockup.

Thanks (1)
01st Apr 2014 16:35

Interest is presumably calculated annually
on a 1st April to 1st April basis
[Edit] Oh, oops, I see it was posted on 31 March

Thanks (0)