The appeal centers on the correct date for determining SGL’s output tax liability, with HMRC arguing for the incorporation date and SGL for the VAT registration date, impacting the denial of VAT credit and assessment of VAT due. While both parties agree on SGL’s entitlement to input tax credit from the earlier incorporation date, the disagreement stems from the interpretation of the VAT 1 form and the timing of SGL’s business transfer.
Source: bailii.org
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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