The First-tier Tribunal has ruled that it was not entitled to apply onward supply relief (during pre-Brexit periods), and should have paid import VAT of £5.7m. FTT has ruled that this relief was not available to import agents.
Source: Deloitte
Latest Posts in "United Kingdom"
- Supreme Court Rules Against VAT Recovery on Hotel La Tour’s Fundraising Share Sale Costs
- UK Supreme Court Rules VAT on Share Sale Fees Not Recoverable for Business Funding
- UK Eases VAT Grouping Rules to Attract Foreign Investment and Simplify Cross-Border Compliance
- Tribunal Rules Bespoke Autobiography Books by Story Terrace Qualify for VAT Zero-Rating
- Full VAT Recovery Allowed on Product Photography Costs in Littlewoods v HMRC Tribunal Decision
