Generally, the default position of certain supplies of land and buildings is exempt from VAT, which can often cause problems due to the fact that any input tax related to that exempt supply may well prove to be irrecoverable.
Source: centurionvat.com
Latest Posts in "United Kingdom"
- Court of Appeal Upholds Standard VAT Method in Hippodrome Casino Case
- Hotelbeds v HMRC: Businesses Can Reclaim VAT Without Invoices, Court Rules
- NHS Trust Wins VAT Exemption for Agency-Supplied Locum Doctors Against HMRC
- Guernsey Budget 2026 Postpones Major Tax Reforms Pending Goods and Services Tax Decision
- Court of Appeal Rejects Casino’s Floorspace-Based VAT Recovery Method, Confirms Standard Method Applies
