HBOS & Lloyds Banking Group v Revenue & Customs (VALUE ADDED TAX - decision on one issue in the appeals (interest)) [2021] UKFTT 307 (TC)
Notes: VALUE ADDED TAX - decision on one issue in the appeals (interest) - amounts paid by HMRC to appellants as bad debt relief under section 36 Value Added Tax Act 1994 - whether interest should be paid on such amounts by HMRC from date of entitlement (rather than date of claim) - section 78 Value Added Tax Act 1994 - error on the part of HMRC - invalid statutory condition was not an error by HMRC - statements in HMRC Notices were errors by HMRC - Found: statements in Notices were not the cause of outcomes required in s78(1) - s78 not satisfied - EU law principles considered - appeal dismissed
Cited in 3 later judgments