Key points
- HMRC will appeal the Upper Tribunal’s decision in Hotel La Tour to the Court of Appeal.
- Input VAT with a ‘direct and immediate link’ to an onward taxable supply may be recovered in full.
- As a result of the decision HMRC’s appeal will have to be borne in mind before taxpayers draw up plans to spend any VAT windfall and protective claims should be considered.
Source Taxation.co.uk
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