- In Luxurico Ltd v HMRC [2026] UKFTT 1252 (TC), the First-tier Tribunal allowed Luxurico’s appeal over input VAT recovery on a flagship Hypercar.
- HMRC had refused the input VAT claim.
- The Tribunal found Luxurico’s main intention when acquiring and importing the car in November 2020 was commercial self-drive hire or hire with a driver.
- Because of that, the input tax restriction under Article 7(1) did not apply.
- Luxurico was therefore entitled to full recovery of the input VAT.
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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