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United Kingdom unjust enrichmentcompound interestmistaken payment

Sempra Metals Ltd v IRC

[2007] UKHL 34
JurisdictionUnited Kingdom
CourtHouse of Lords
Year2007
StatusBinding authority

Key Principle

Compound interest is recoverable as a restitutionary remedy for money paid under a mistake of law; the House of Lords abandoned the rule that only simple interest is available.

Area of Law

trusts

Related Cases

Test Claimants in the FII Group Litigation v HMRC (No 2) [2020] UKSC 47
Children's Investment Fund Foundation v Attorney General [2020] UKSC 33
Investment Trust Companies v Revenue and Customs Commissioners [2017] UKSC 29

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