- UK high court waived over £14 million in value-added tax penalties for a taxpayer
- The company, Qubic Advisory Services Limited, was found not to be in scope of record-keeping requirements under VAT law
- The decision was based on the company’s contractual arrangements with customers
- The Upper Tribunal revised the First Tier Tribunal’s outcome on Tuesday
Source: news.bloomberglaw.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "United Kingdom"
- 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
- Guernsey Budget 2026 Postpones Major Tax Reforms Pending Goods and Services Tax Decision
- Court of Appeal Rejects Casino’s Floorspace-Based VAT Recovery Method, Confirms Standard Method Applies
