UK Supreme Court clarifies VAT Grouping and Time of Supply in Prudential Case On 11 September 2025, the Supreme Court delivered its judgment in The Prudential Assurance Co. Ltd. v HMRC [2025] UKSC 34, unanimously dismissing Prudential’s appeal. The case turned on the relationship between
JP Morgan Chase loses Upper Chamber VAT appeal over single v multiple intra VAT group supplies The Upper Tax Tribunal has dismissed on 16 June 2025 an appeal by JP Morgan Chase Bank NA, confirming HMRC’s position on the VAT liability of intra-group services within
UK avoids reduction in 2% Digital Services Tax to secure lower tariff quotas The UK government avoided an anticipated reduction or withdrawal of its £800 million Digital Services Tax (DST) to win a limited trade deal with Trump administration on 8 May. Instead, the two
Review of 2021 liabilities on goods sold by overseas sellers to UK consumers via marketplaces On 28 April 2025, the UK’s HMRC announced plans to review the January 2021 marketplace liabilities for import consignments not exceeding £135. These rules made the UK facilitating marketplace liable
HMRC can’t yet have its VAT cake and eat it Marshmallow Dispute Returned to U.K. Lower Court further review The long-running VAT dispute over Mega Marshmallows is heading back to the First-Tier Tribunal (Tax Chamber) (FTT) after the U.K. Court of Appeal ruled on March 21,
UK Ministers intervened on HMRC lan to impose VAT on UK Investment Funds The UK government is considering halting HM Revenue & Customs’ (HMRC) proposal to impose VAT on investment fund management, following strong opposition from City leaders. HMRC had sought to remove a long-standing
