Law Weblog

Law making to watch, if it happens

The Chancellor, in his pre-budget speech threatened to pass retrospective legislation to ensure the treasury did not lose billions of pounds in wrongly paid tax. The government recently lost a claim in the House of Lords in Deutsche Morgan Grenfell Group Plc v HMC of Inland Revenue, the proposed legislation will reverse the judgment.  This is law making with a vengeance and will be fun to watch, we predict that banks and companies will not take this lying down.