LGT recently lost its Upper Tier Tribunal case in which it argued that the accommodation it provides was not covered by the welfare exemption and so should have been subject to VAT at the standard rate.
LGT argued that VAT was applicable to the accommodation services because applying the standard rate would improve LGT’s VAT recovery position, as exemption does not allow recovery of VAT on costs associated with those supplies.
Source: crowe.com
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