Golf clubs impacted as HMRC win Littlewoods tax case
Many taxpayers will be disappointed after the HMRC won a landmark case on VAT refunds. The case involved the historical overpayment of VAT by Littlewoods between 1973 and 2004. When the mistake was noticed, HMRC accepted that VAT had been overpaid and repaid Littlewoods £205m plus interest of £268m. The issue was that HMRC had…