UK tax updates
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HM Customs & Revenue faces a potential “avalanche” of damages claims after a major UK beverage maker has launched a high court claim accusing the UK government of illegal tax discrimination.
Kopparberg’s allegations, which until recently imported all flavor cider from Swedish breweries, alleged that the government deliberately provided a tax loophole for UK-based beverage makers and unfairly reduced the company’s profits. doing.
A tax loophole known as Post-Customs Point Dilution (PDPD) allows UK-based flavored wine and cider manufacturers to pay tariffs on high-strength imported wine concentrates and dilute them at their UK factories. We were able to avoid considerable tariffs on imports. Of the finished product.
In a treatise submitted to the High Court, Coppalberg argued that PDPD practices brought “unfair and illegal interests” to UK-based producers.
Swedish beverage maker Kopparberg launches claim for damages against HM Revenue and Customs
Source link Swedish beverage maker Kopparberg launches claim for damages against HM Revenue and Customs