- Hotel La Tour in Milton Keynes lost a court battle over a £68,000 VAT bill
- The issue stemmed from the sale of another hotel in Birmingham to fund the Milton Keynes project
- HMRC disputed the VAT repayment claim, leading to a lengthy legal process
- Despite winning in lower courts, Hotel La Tour lost in the Court of Appeal
- The Court ruled that the costs were linked to an exempt supply of shares, blocking input tax recovery
- The hotel, opened in April 2022, offers luxurious amenities and panoramic views of the city
Source: miltonkeynes.co.uk
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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