Market leading insight for tax experts
View online issue

AG opinion on Larentia + Minerva: VAT recovery for holding companies

Speed read

Whether a holding company can recover the VAT it incurs on a share acquisition has never been a straightforward question. In recent years, however, many feel that HMRC has introduced conditions that are wrong at law or that go beyond what the law requires. The Advocate General’s opinion in Larentia + Minerva suggests that HMRC’s view that input tax should be apportioned between economic and non-economic activities where a ‘management’ holding company receives dividends from the managed subsidiaries is incorrect.

If you or your firm subscribes to, please click the login box below:

If you do not subscribe but are a registered user, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this article in full.
Please reach out to customer services at +44 (0) 330 161 1234 or '' for further assistance.