WG joined the CH VAT group on the day of the takeover and sought, via CH as the VAT group representative member, to recover VAT incurred on services received in relation to the transaction. HMRC denied VAT recovery on the basis that at the time of the takeover WG did not make or intend to make supplies within the scope of VAT. The FTT has ruled that the VAT was not recoverable.
Source: Deloitte
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