Greene King takes tax case to upper tribunal

Kashflow logo
Robert Lovell
Share this content

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.

Anand told...

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.

There are currently no replies, be the first to post a reply.