HMRC v Hotel La Tour Ltd – What does the Court of Appeal’s decision mean for input tax recovery on deal fees?

HMRC WIN: The Court of Appeal (CA) judgment in Hotel La Tour Ltd (“HLT”) was handed down on 21 May 2024 in which the Court allowed HMRC’s appeal and overturned what was previously seen to be an unimpeachable decision by the First-tier Tribunal (as upheld by the Upper Tribunal) to deny HLT’s entitlement to recover VAT incurred on professional fees.

Source KPMG

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