<b>Tax News:</b> BT to take VAT appeal to Europe. By Louise Birkett
BT's claim for a refund of £24 million in overpaid VAT has been referred to the European Court of Justice by the Court of Appeal.
The overpayment, originally of £40 million, was down to a glitch in a computer system that ran the monthly payment plans in 1991.
When someone whose account was in credit left the monthly scheme, a refund was given. As this reduced the amount of consideration, the VAT bill should also have been reduced.