The taxpayer’s appeal in Airtours Holidays Transport Ltd v HMRC is yet another case addressing the fundamental question in VAT in transactions involving multiple parties: ‘Who supplied what, to whom?’ Interestingly, HMRC’s arguments in the case suggest a possible method for taxpayers to recover input tax in situations involving ‘third-party consideration’.
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The taxpayer’s appeal in Airtours Holidays Transport Ltd v HMRC is yet another case addressing the fundamental question in VAT in transactions involving multiple parties: ‘Who supplied what, to whom?’ Interestingly, HMRC’s arguments in the case suggest a possible method for taxpayers to recover input tax in situations involving ‘third-party consideration’.
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If you do not subscribe but are a registered user, please enter your details in the following boxes: