- FTT in Lycamobile considered acquisition of allowances under a telecom plan bundle as non-taxable
- FTT rejected analysis and deemed bundle of allowances as VATable supply
- Customers seen as acquiring bundle of allowances as aim in itself
- Analysis could lead to problems with roaming bundles
- Taxpayer could adjust liability to comply with “use and enjoyment” override.
Source: simmons-simmons.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"
- New Updates on Correcting VAT Errors: Key Changes and Guidance for Businesses
- Tribunal Rules on VAT Status of Government Grants for Free Educational Services by Colleges
- Colleges Win £2.8 Million Tax Rebates Amid VAT Rule Dispute with HMRC
- The UK Should Lower or Abolish, Not Raise, Its VAT Registration Threshold
- UK Should Lower or Abolish VAT Threshold to Boost Small Business Growth and Efficiency
