Sempra Metals Ltd (formerly Metallgesellshaft Ltd) v Inland Revenue Commissioners and another: ChD 16 Jun 2004

The claimants were due to have substantial sums repaid after it had been found that the system of making premature reclaims of advance corporation tax had been was discriminatory under European Law.
Held: The sums payable were to carry interest calculated on a compound interest basis.

Judges:

Park J

Citations:

Times 25-Jun-2004, [2004] EWHC 2387 (Ch), [2004] STI 1495, [2004] Eu LR 939, [2004] BTC 358, [2004] STC 1178

Links:

Bailii

Jurisdiction:

England and Wales

Cited by:

At First InstanceSempra Metals Ltd v Inland Revenue Commissioners and Another HL 18-Jul-2007
The parties agreed that damages were payable in an action for restitution, but the sum depended upon to a calculation of interest. They disputed whether such interest should be calculated on a simple or compound basis. The company sought compound . .
Appeal fromSempra Metals Ltd v Inland Revenue and Another CA 12-Apr-2005
The court was asked whether it was contrary to Community law – specifically, the provisions then contained in article 52 of the EC Treaty (now renumbered as article 43) – for the domestic tax law in the United Kingdom to differentiate, in the . .
Lists of cited by and citing cases may be incomplete.

Damages, European, Corporation Tax

Updated: 11 June 2022; Ref: scu.198393