- Visual Investments International Ltd (Visual) claimed input tax on legal fees in a commercial dispute
- The legal fees were related to the enforcement of an agreement to transfer shares for profit
- The First-tier Tribunal ruled against Visual, stating there was no direct link to taxable supplies
- The tribunal also found that Visual was not the sole recipient of the legal services
- Visual’s appeal was dismissed due to lack of direct connection between legal fees and taxable supplies
Source: deeksvat.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.
