In the case of WTGIL Limited (UKFTT 00131), the FTT held that an insurance intermediary made neither a supply for consideration nor a deemed supply to policyholders in relation to ‘black box’ devices fitted in their cars to analyse their driving. Consequently, input tax was not recoverable in respect of the provision and fitting of the devices.
WTGIL made a claim for over £2 million of input tax incurred between 2014 and 2018, on the basis that the VAT was directly attributable to taxable supplies of the black box devices made to the policyholders (whether or not for consideration).
Source Saffery
Latest Posts in "United Kingdom"
- VAT on Hampers: Lidded Wicker Baskets Ancillary to Food and Drink, Not Separate Supply
- Report: UK VAT Rules Favor Demolition Over Building Reuse, Urges Tax Reform for Sustainability
- Is the UK a Tax-Efficient Cruising Base? Navigating VAT and Temporary Admission for Yachts
- One in Three Large UK Firms Face Record VAT Investigations as HMRC Cracks Down
- Tribunal Rules Hampers’ Lidded Baskets Share VAT Treatment with Food and Drink Items
