HBOS PLC and Lloyds Banking Group PLC v The Commissioners of HM Revenue and Customs [2023] UKUT 00013 (TCC)
Upper Tribunal Tax and Chancery decision of Mrs Justice Bacon and Upper Tribunal Judge Swami Raghavan on 13 January 2023
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VALUE ADDED TAX – s78 VATA 1994 interest for official error- whether error in legislation (unlawful property condition in bad debt relief regime) “error on part of Commissioners”- yes – whether interest under s78(1)(d) ran from date earlier than date of actual bad debt relief claim on basis that but for legislative error appellant would have put in claim earlier- yes- appeal allowed