As autumn approaches, many corporate groups’ thoughts may be turning to optimising their business structure for the future.
Buyers often incur substantial amounts of VAT in the course of a corporate finance transaction, but establishing entitlement to recover it as input tax is not always straightforward, with HMRC generally taking an aggressive approach when scrutinising the recovery of VAT incurred on deal fees.
While VAT may not be the first thing on your mind when planning to expand your business, it is important to consider the structure of any significant corporate finance transaction in advance to maximise the recovery of VAT on associated costs.
Source RSM
Latest Posts in "United Kingdom"
- HMRC Adds CBAM Training Ahead of the UK’s 2027 Import Tax
- UK Extends VAT Zero Rating to EV Charging Points Installed in New Homes
- Guernsey Outpaces Jersey Amid Tax Reform and Economic Growth Debate
- HMRC fines taxpayer £1.7m despite blaming accountant for VAT errors
- Mega Marshmallows: The VAT Battle Over Confectionery Classification
