- The Upper Tribunal dismissed JPMorgan Chase Bank NA’s appeal regarding the VAT treatment of intra-group services provided to JP Morgan Securities plc. The case focused on whether the services constituted a single supply or multiple supplies and if any were exempt under VAT regulations. The Tribunal ruled against JPMorgan, supporting HMRC’s assessment that the services were taxable.
Source: bailii.org
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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