Owain Thomas QC and Isabel McArdle have appeared for HMRC in its appeal in the case of Paul Newey T/A Ocean Finance. The appeal concerns questions of what abuse of rights means in the context of a business utilising an offshore structure, created to reduce the tax payable in relation to trade with consumers in the EU, to make some decisions, while the rest of the business’ operations are carried out in the UK.

Read about the case in the Tax Journal here.