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Lloyds Wins Interest Battle With HMRC On VAT Error

By David Hansen ( January 13, 2023, 7:25 PM EST) -- HM Revenue & Customs should have paid £10 million ($12.2 million) instead of less than £1 million to Lloyds Banking Group PLC and a subsidiary for interest on excess value-added tax the company paid on bad debt, the U.K. Upper Tribunal ruled Friday....

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