SOFOLOGY LIMITED and DFS FURNITURE COMPANY LIMITED v Revenue & Customs (VALUE ADDED TAX – deductibility of input tax on the costs of advertising on Google) [2022] UKFTT 153 (TC) (29 April 2022)
VALUE ADDED TAX – deductibility of input tax on the costs of advertising on Google – each Appellant made taxable supplies of sofas and exempt supplies of insurance intermediary services – held that the costs of the advertising had a direct and immediate link with the taxable supplies of sofas and therefore were not overheads – in addition, the costs did not have a direct and immediate link with the exempt supplies of insurance intermediary services – instead, the link between the costs and the exempt supplies was indirect – appeals upheld
Source: bailii.org
Latest Posts in "United Kingdom"
- Chancellor Rachel Reeves’ Statement on Economic Response to Iran War and Cost of Living Support
- Reeves’ VAT Cut Possible Only Thanks to Brexit
- EY on summer VAT cut’s limited but welcome boost for hospitality
- Business leaders say temporary VAT cuts don’t go far enough
- Museums Included in Temporary Summer VAT Cut
