UK Court Upholds Timeframe to Reclaim Overpaid Dividend Taxes

A UK appeals court upheld the specific date that a six-year limitation period began for two companies to claim overpaid corporation tax on foreign dividend income.

The businesses could have begun submitting claims to recover overpaid corporation tax starting from June 6, 2000, after a European court delivered a ruling that then made a UK tax law provision “legally questionable,” the Court of Appeal said in its judgment Wednesday.

The ruling is another addressing how the UK taxed foreign dividend income, which has been litigated across two decades and has reached both the European Court of Justice and the UK ...