- Court of Appeal dismissed Hippodrome Casino Ltd appeal against HMRC regarding VAT recovery calculation methods
- Company wanted to use special floorspace method instead of standard method for calculating recoverable residual input tax
- Upper Tribunal correctly found First Tier Tribunal made material error by not properly addressing dual use of floorspace argument
- Court confirmed Upper Tribunal was right to focus on problems with proposed special method rather than starting with standard method assessment
- Standard method remains applicable as proposed floorspace method was deemed critically flawed and less precise
Source: claritaxnews.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.
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