- V-Com (Worldwide) Ltd recruited students to buy iPhones for them in 2010
- V-Com acquired around 6,870 iPhones and resold them for a profit
- HMRC assessed V-Com for £506,678 in input tax
- V-Com provided evidence of purchases but HMRC did not accept it
- HMRC applied to strike out V-Com’s appeal, but it was refused by the First-tier Tribunal
- The Tribunal considered V-Com’s chances of success as “realistic” and evidence should be properly considered at a full hearing
Source: taxscape.deloitte.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.
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