The tax litigation team from PricewaterhouseCoopers Legal LLP continues its series of alerts on indirect tax case law developments which may arise over coming weeks together with the relevant legislation history and analysis of the implications of the case
The Royal Bank of Scotland plc (EDN/05/0095)
The issues
This case involves Lombard Finance Group (Lombard) the instalment credit business and member of the Royal Bank of Scotland (RBS) VAT group. The dispute concerns the appropriateness of particular partial exemption methods for hire purchase (HP) businesses including the merits of HMRC's 'nil-recovery' policy for such activities. This case is highly significant for all HP and other asset finance businesses in...
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The tax litigation team from PricewaterhouseCoopers Legal LLP continues its series of alerts on indirect tax case law developments which may arise over coming weeks together with the relevant legislation history and analysis of the implications of the case
The Royal Bank of Scotland plc (EDN/05/0095)
The issues
This case involves Lombard Finance Group (Lombard) the instalment credit business and member of the Royal Bank of Scotland (RBS) VAT group. The dispute concerns the appropriateness of particular partial exemption methods for hire purchase (HP) businesses including the merits of HMRC's 'nil-recovery' policy for such activities. This case is highly significant for all HP and other asset finance businesses in...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
