VAT – fundraising transactions – whether or not there was a direct and immediate link to
downstream taxable activities – yes – whether or not VAT grouping means that there was no
economic activity for the purposes of the initial transaction – no – whether or not the share
purchase agreement was the equivalent of a transfer of a going concern – no – appeal allowed
upon the basis of the direct and immediate link to downstream taxable activities
Source: gov.uk
Latest Posts in "United Kingdom"
- HMRC Publishes VAT Guidance for Cryptoassets in GfC21
- Abbey Group v HMRC: FTT Rejects Legitimate Expectation VAT Appeal
- VAT Refunds from the United Kingdom
- UK Budget to Extend Marketplace Deemed Supplier VAT Rules to Domestic Sellers
- Flashback on ECJ Cases C-409/98 (Mirror Group) – Tenant inducements are not exempt property letting
