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Kang & Mand Ltd (FTT): Overclaimed input VAT – VAT incorrectly charged by seller on sale of residential flats

VATA 1994 – Schedule 10 paragraph 5(1) – VAT assessment for over claimed input tax – VAT incorrectly charged by seller on sale of residential flats – exempt supply – VAT paid by Appellant and included in its VAT return as a claim for input tax – initially accepted by HMRC – error discovered and assessment raised following subsequent vat visit – Appeal dismissed and assessment confirmed

Source: bailii.org

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