- The City Court upheld the denial of input VAT and expense deductions for a company’s car purchases.
- Invoices lacked essential details like chassis number, model, year, and mileage.
- No written contracts supported the taxpayer’s claim of reselling cars without profit.
- The seller company was linked to VAT fraud.
- The taxpayer failed to prove the invoices matched the delivered cars, justifying the denial.
Source: news.bloombergtax.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.














