The Barclay brothers lose their case against HMRC. We can all heave a sign of relief.

Posted on

In 2012 I made a programme on the Barclay Brothers and tax with the BBC. One of the things I talked about was their VAT claim against HMRC, which I said they must lose.

Today they did.

Good news.

Sometimes it is fun to predict events, especially when it looks like the odds are stacked against them happening as was true in this case. If they'd have won the estimated cost was £17 billion, albeit not all for them.