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Ruling 'may bring tide of claims'
By Helen Warrell, Third Sector, 30 January 2008
A Lords ruling on VAT could lead to a rush of cases involving charities that want to reclaim money from HM Revenue & Customs, tax experts have predicted.
The ruling in the case of Conde Nast Publications v HMRC last week updated an HMRC business briefing from August 2006. This said VAT claimants should sign "clawback agreements" obliging them to repay to HMRC the cost of the original claim plus interest if they lost their cases. Charity cases...
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