The recent Upper Tribunal (UT) case of SilverDoor Ltd v HM Revenue and Customs [2024] UKUT 147 (TCC) highlights the complexity of VAT law and the costly consequences of misinterpretation. The case focused on the classification of SilverDoor’s supplies and whether they should be considered VAT exempt financial intermediary services. The UT upheld the First-tier Tribunal’s decision, dismissing SilverDoor’s appeal against two VAT assessments totaling £109,305. SilverDoor provided services to short-term accommodation providers, acting as a disclosed agent and receiving commission from property partners. The UT determined that the card payment service was ancillary to the principal reservation service.
Source Evelyn Partners
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