- The UK First-Tier Tax Tribunal ruled on input VAT deduction eligibility for a construction recruitment company and its director.
- HMRC denied input VAT deductions, alleging the taxpayers knew or should have known the transactions were linked to VAT fraud.
- The Tribunal found sufficient evidence that the taxpayers were aware of the fraud connection.
- The director was held responsible for the company’s actions.
- The Tribunal upheld HMRC’s denial of the input VAT deductions.
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.
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