- Performance Leads Ltd won an appeal against HMRC regarding VAT exemption for intermediary services.
- The company provides lead generation services to independent financial advisors through websites.
- HMRC argued the services were advertising or non-exempt intermediary services.
- The FTT ruled that the services qualify as exempt intermediary services under VAT law.
- The decision was based on the company’s process of assessing and filtering leads for financial advisors.
Source: claritaxnews.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"
- Understanding VAT: How It Works, Its Impact, and Options for Reform in the UK
- UK Tribunal Rules Locum Doctor Supplies via Agencies Are VAT Exempt for NHS Trusts
- VAT Rules for Workwear, Uniforms, and Staff Clothing: What Businesses Need to Know
- Understanding E-Invoicing: Benefits, Challenges, and the Future for UK Businesses and Government
- How Overseas Businesses Can Reclaim UK VAT: Eligibility, Deadlines, and Key Conditions
