- Yourway Transport Ltd acted as an agent importing clinical-trial drugs for US biopharma clients, never owning the drugs.
- The tribunal ruled Yourway was deemed principal for EU-destined drugs, allowing it to reclaim import VAT on those goods.
- Import VAT is recoverable only for drugs delivered free of charge to EU Member States, not for those sent to the UK or non-EU countries.
- The appeal was partially allowed: HMRC’s broad denial of input tax was rejected, but VAT recovery was limited to EU-bound goods.
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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