UK: Indirect Tax Update 01/2015 | LinkedIn.
CJEU hears two important cases relating to the recovery of input tax by holding companies.
First-tier Tribunal decisions
* The Tribunal agreed – there is no legal basis for HMRC’s contention that the recipient of the transfer must be VAT registered in the member state of arrival of the goods.
* the arrangements were redefined so as to ensure that the supplies remained taxable at the standard rate.
