The Weekly Law Reports
[2017] 3 WLR 1401
Supreme Court
Littlewoods Ltd and others v Revenue and Customs Commissioners
[2017] UKSC 70
2017 July 3,
4,
5,
6;
Nov 1
Lord Reed, Lord Carnwath, Lord Hodge JJSC, Lord Neuberger of Abbotsbury, Lord Clarke of Stone-cum-Ebony
Revenue— Value added tax— Refund— Claimants overpaying VAT— Revenue refunding principal sum and simple interest thereon— Restitution claims for time value of sums overpaid pursuant to unlawful exactment and mistake of law— Whether statute excluding restitution claims— Whether exclusion contrary to European Union law— Whether compound interest payable—
Value Added Tax Act 1994 (c 23) (as amended by Finance Act 1996 (c 8), s 197(6)(d)(ii) and Finance (No 2) Act 2005 (c 22), ss 3, 4(2)), ss 78, 80