Barclays Gets New Hearing in HMRC Financial Crisis Tax Case (1)

Barclays Bank Plc will have another chance to defend its accounting treatment of funds raised during the 2008 financial crisis, after a UK court allowed its appeal of a ruling against it over an $800 million tax deduction.

The Upper Tribunal found the lower court, the First-tier Tribunal, made errors of law in its April 2024 decision and sent the case back for reconsideration, according to a judgment released Monday. ...