Market leading insight for tax experts
View online issue

Comment on BAA

The three main issues
Peter Mason Head of VAT CMS Cameron McKenna
The BAA case is a classic example applying general principles to fact-specific business transactions. The main issues in my view concerned the liability of the input transactions the need for an output tax transaction or not and what is the VAT system all about anyway.
VAT or no VAT?
Did HMRC properly ask the question 'VAT or no VAT?' in respect of the liability of the fees coming in as input transactions?...

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.