HMRC fights to close Bolt’s VAT loophole Legal Ride-hailing platform Bolt faces the tax authorities in court today over how it calculates and pays its VAT bill. At the centre of this dispute was the question of whether Bolt could use the tour operators’ margin scheme (TOMS). Under this scheme, businesses only pay VAT on the profit margin they make between buying a [...]
Energy giant clashes with HMRC at UK’s highest court over £28m penalty Legal Scottish Power is to face the tax authority at the UK’s highest court over a tax deduction on a £28m penalty to settle a probe with the regulator. The legal case stems from a probe by the energy regulator Ofgem into Scottish Power between 2013 and 2016 regarding mis-selling, poor complaints handling, and a lack [...]
Motor finance trade body gears up for legal challenge to £9bn redress Banking The motor finance industry’s trade body is mulling lodging a legal battle against the UK financial watchdog‘s £9bn redress scheme. The Finance and Leasing Association (FLA), which counts Santander and the financial arms of BMW and Volkswagen among its members, is reported to be leaning towards challenging the City regulator’s scheme. Members of the body [...]
Crispin Odey drops £79m libel case against Financial Times April 10, 2026 Former hedge fund tycoon Crispin Odey dropped his libel claim against the Financial Times, ending a high-stakes legal battle over the publication’s reporting of sexual misconduct allegations. The Financial Times published several articles about the City financier in 2023 regarding allegations over his sexual conduct, following allegations from 20 women spanning five decades. Odey has [...]
Lord Roborough refused to stay at Odey Asset Management over ‘lack of trust’ March 13, 2026 Lord Roborough, a former partner at Odey Asset Management (OAM), has rejected claims made by Crispin Odey that the City watchdog directly pressured the firm’s executives to find against him. In a legal battle against the Financial Conduct Authority (FCA), disgraced financier Odey claims the OAM executive committee was subject to “undue pressure from the FCA” [...]
Crispin Odey threatened to ‘shut down’ fund if board tried to oust him March 9, 2026 Crispin Odey threatened to “shut down” his eponymous hedge fund if he was dismissed by its board or it proceeded with investigations into his alleged misconduct against his wishes, a court will be told. Disgraced financier Odey faces the City watchdog at the High Court this week as he seeks to overturn a ruling that [...]
Yoghurt giant Muller takes on HMRC over corporation tax in legal battle February 3, 2026 The makers behind Muller Corner and Muller Rice are taking the UK tax authorities to court over a long-running dispute about corporation tax. Muller UK and Ireland Group, Muller Dairy UK, Robert Wiseman and Sons, and TM UK Production are in a battle with HMRC over whether a company can claim tax breaks on ‘goodwill’ [...]
London’s Hippodrome Casino VAT recovery hopes dashed by Tribunal October 6, 2025 London’s Hippodrome Casino has failed to overturn a ruling on the method used to calculate the tax recovery for residual input tax. The 24-hour casino, located in the heart of Leicester Square, also features restaurants, bars, and a theatre, where Magic Mike Live has been performing since 2018. While most people attend the Hippodrome for [...]
Former Barclays boss Jes Staley fails to overturn leadership ban June 26, 2025 Former Barclays CEO Jes Staley lost his bid to overturn a ban from holding senior leadership after he was found to have misled about his relationship with Epstein. The Upper Tribunal found he did not fully disclose the terms of his relationship with Jeffrey Epstein to Barclays before the letter that was sent to the [...]
London’s Hippodrome Casino takes HMRC to court June 24, 2025 The Hippodrome Casino is at court today, seeking to overturn an 'unusual' ruling in a case over which method to use for the recovery of residual input tax