VAT: Overpaid VAT: compound interest | Practical Law

VAT: Overpaid VAT: compound interest | Practical Law

The Court of Appeal has held that the exclusion of restitution claims by sections 78 and 80 of the Value Added Tax Act 1994 was contrary to EU law, and that compound interest should be calculated using the objective use value approach.

VAT: Overpaid VAT: compound interest

Practical Law UK Articles 5-616-6256 (Approx. 2 pages)

VAT: Overpaid VAT: compound interest

by Norton Rose Fulbright LLP
Published on 25 Jun 2015
The Court of Appeal has held that the exclusion of restitution claims by sections 78 and 80 of the Value Added Tax Act 1994 was contrary to EU law, and that compound interest should be calculated using the objective use value approach.