- The UK First-Tier Tax Tribunal clarified input VAT deduction and zero-rating rules for second-hand car transactions.
- The taxpayer bought used cars in Northern Ireland and sold them to customers in the Republic of Ireland, claiming input VAT deduction and zero-rating.
- The Tax Agency denied these claims.
- The Tribunal found the taxpayer knew or should have known the transactions were linked to VAT fraud and lacked valid evidence of goods removal from the UK.
- The taxpayer was denied input VAT deduction and zero-rating for the supplies.
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.
Latest Posts in "United Kingdom"
- FTT: Yourway Transport Entitled to Recover Import VAT on EU Drug Deliveries, Not UK or Non-EU
- Court of Appeal Confirms FTT’s Supervisory Jurisdiction Over HMRC Discretion in Input Tax Cases
- FTT Upholds HMRC’s Best Judgment VAT Assessments Against Complete Electrical Services (NW) Ltd
- HMRC Updates List of VAT-Exempt Investment Gold Coins in VAT Notice 701/21A
- VAT Registration Reference Now Required for Business Tax Account Enrollment to Prevent Fraud
