LEXLAW successfully represented a family business mis-sold interest rate swaps by Barclays, securing a substantial settlement despite initial negative advice. This case highlights the widespread impact of derivative mis-selling on UK small businesses, including sectors such as property, hospitality, and retail. Lexlaw offers expert legal support to businesses affected by such financial product mis-selling. Contact Lexlaw for professional advice and representation.

LEXLAW featured on BBC Radio 4’s The Report: Interest Rate Swaps Mis-selling

LEXLAW successfully represented a family business mis-sold interest rate swaps by Barclays, securing a substantial settlement despite initial negative advice from counsel. This case highlights the widespread impact of derivative mis-selling on UK small businesses, including sectors such as property, hospitality, and retail.

The Court of Appeal is a grand and imposing building, often located in the heart of a major city such as London. Architecturally, it combines classical and modern elements, featuring large stone facades, tall columns, and grand entrances symbolising the authority and gravitas of the court. Inside, the courtrooms are spacious with high ceilings, wood-panelled walls, and elevated benches where the judges sit. It has a formal and solemn atmosphere, reflecting its role as the highest court of appeal in England and Wales before the Supreme Court.

Court of Appeal Decision: Mobilx, Blue Sphere, Calltel

The Court of Appeal has clarified the ‘Kittel’ test in VAT fraud cases, ruling that the key question is whether a trader should have known their transactions were connected to fraud, rather than whether it was merely likely. HMRC bears the burden of proof to show the trader’s knowledge. This decision helps genuine traders defend against denied input tax claims, but full, robust responses to HMRC’s fraud indicators remain essential. Contact Lexlaw for expert VAT litigation advice and representation.

Brayfal Decision Highlights the Importance of the Three Person VAT Tribunal

The Brayfal Tax Appeal Decision highlights the significance of a three-person VAT tribunal in complex high-value fraud cases. Unlike a two-member tribunal with a judge, where the judge’s opinion can be overruled by the other member, a three-person panel ensures balanced decision-making. Lexlaw advocates for future VAT tribunal hearings to be heard by two chairmen and one judge to improve fairness and expertise. Contact Lexlaw to discuss the implications of this decision and get expert VAT litigation support.