- HMRC cannot deny input VAT recovery if the taxpayer holds valid VAT invoices compliant with Regulation 14(1).
- The FTT found that not all invoices in question were valid; only the BHNV Invoice met the necessary requirements.
- There was insufficient alternative evidence to support input VAT recovery for the invalid invoice.
- The company’s appeal was partially allowed: input VAT recovery was permitted for the valid invoice only.
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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