VAT – sale of shares – proceeds of sale used to fund taxable activities – input tax incurred on sale of shares – whether a direct and immediate link to the taxable activities – yes – appeal dismissed
Source: bailii.org
Latest Posts in "United Kingdom"
- HMRC Clarifies VAT Treatment of Overage Payments on Land Sales
- VAT Error Correction: Amending Returns, Claiming Refunds, and Avoiding Penalties
- Court of Appeal Upholds Standard VAT Method in Hippodrome Casino Case
- Hotelbeds v HMRC: Businesses Can Reclaim VAT Without Invoices, Court Rules
- NHS Trust Wins VAT Exemption for Agency-Supplied Locum Doctors Against HMRC