LAVAT Latest News

Default and Statutory Interest - Rate Reduction

lavat — Thu, 04 Dec 2008 23:31:08 +0000

HM Revenue & Customs have announced a further reduction in both default and statutory interest rates with effect from 6^th December 2008.

After remaining constant since January of this year, default and statutory interest rates were each reduced by 1 percentage point, from 6^th November 2008.

The latest reduction will see both rates fall by a further 1% each, to 5.5% and 2.0% respectively.

Pre-Budget Report 24th November 2008 - VAT reduced to 15%

lavat — Tue, 25 Nov 2008 01:28:29 +0000

The intense speculation in the press over the weekend has been confirmed, and the Chancellor has, this afternoon, announced a reduction in the rate of VAT to 15%.

IOW - Car Parking - ECJ Judgement - 16th September 2008

lavat — Wed, 17 Sep 2008 16:12:04 +0100

The ECJ, yesterday, released its Judgement in respect of the three questions submitted by the High Court in the case of Isle of Wight, and others. The questions were –

Restitution/Compound Interest

lavat — Mon, 30 Jun 2008 17:58:54 +0100

There have been a number of recent developments in respect of the ability of businesses to claim interest on a compounded basis on monies repaid (or to be repaid) to them by HM Revenue & Customs ("HMRC").

IOW - Car Parking - Advocate General's Opinion - 12th June 2008

lavat — Thu, 12 Jun 2008 16:15:36 +0100

The Advocate General has, today, released his opinion in respect of the three questions put to the European Court of Justice by the High Court in the case of Isle of Wight, and others. The questions were –