UK COVID-19 Developments
HMRC updates its trading activities guidance
United Kingdom, Insolvency & Restructuring, Litigation, Tax, Proskauer Rose LLP, Coronavirus, European Commission, HM Revenue and Customs (UK), UK House of Commons, Court of Justice of the European Union
In Toronto-Dominion Bank v Canada,1 the Federal Court of Appeal (FCA) upheld the Federal Court’s decision2 that the Toronto-Dominion Bank (TD) was required to pay to the Canada Revenue Agency (CRA) proceeds of $67,854 for unremitted GST that TD received as repayment from a borrower upon the discharge of a TD mortgage.
Canada, Insolvency & Restructuring, Litigation, Borden Ladner Gervais LLP, Due diligence, Federal Court of Appeal (Canada)