VAT recovery on professional fees relating to raising funds for a business has been a much-debated topic over the years. There are many ways in which a business can raise funds, from raising business loans to selling assets, which could include shares in subsidiaries. There have been numerous cases taken to the VAT Courts on the VAT recovery of costs associated with this topic. A recent case heard at the First Tier Tax Tribunal has addressed the question of whether VAT on the costs of selling shares in a subsidiary to fund future development of the business elsewhere is recoverable.
Source BDO
Latest Posts in "United Kingdom"
- Mandatory B2B e-invoicing as of April 2029
- Policy paper – Plastic Packaging Tax: mass balance approach and removal of pre-consumer plastic
- VAT in the UK – A comprehensive up to date guide
- Autumn Budget 2025: Key VAT and Indirect Tax Changes Impacting UK Businesses and Charities
- VAT Exemption for Locum Doctors: Key Implications for NHS Trusts and Medical Providers
