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Finance Act 2014

Background Note

6.Section 107 of FA 2007 was introduced to ensure the time limit for direct tax recoverable by reason of a mistake of law was six years from the date of payment for all actions brought before 8th September 2003 which were not subject to a judgment of the House of Lords before December 2006.  S.32(1)(c) of the Limitation Act 1980 was disapplied in respect of such actions.

7.The Supreme Court held in Franked Investment Income Group Litigation v CIR [2012] UKSC 19 that s.107 FA 2007 was incompatible with EU law and cannot apply to actions to recover tax paid contrary to EU law.

8.This provision amends s.107 FA 2007 to reflect the Supreme Court’s decision so that the restriction does not apply to actions to recover tax paid contrary to EU law. The amendment is retrospective so that s.107 will be treated as always having been subject to this exception.

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Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.

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