HMRC Fights Back On GE's Appeal Over New Fraud Claims

Law360, London (February 10, 2021, 4:27 PM GMT) -- HM Revenue & Customs urged an appeals court on Wednesday to dismiss General Electric's bid to block the tax authority from widening its lawsuit over a 2005 tax relief deal, arguing that it did not wait too long to add fraud allegations to the case.

HMRC is seeking a court declaration that the tax authority's decision to rescind a settlement agreement with General Electric was valid. (AP Photo/Richard Drew) Philip Jones QC, counsel for HMRC, urged the Court of Appeal not to overturn part of a lower court's decision that allowed the tax collector to claim that GE defrauded it by not handing...

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