Originally posted by smalldog
View Post
This will not only influence the outcome of future legal proceedings but it will also affect the legislative framework itself.
I have thought about this very long and hard, and I can't come up with any way of framing a ruling in favour of HMRC/HMT which doesn't open up the floodgates to arbitrary retrospective tax laws.
I can't think of anything unique/specific to our case that would allow the courts to deliver a judgment which doesn't set a wide precedent.
Comment