Manchester United in £300,000 VAT dispute with HMRC

Manchester United football club is the latest organisation battling HMRC over compound interest on VAT.

The club has begun legal action in a bid to recover more than £300,000 in backdated payments relating to VAT payments on its stock market flotation in 1991. HMRC has already refunded £61,000 to the club in VAT and ‘simple interest’, but bosses are claiming compounded interest is still owed.

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