In Lucky Technology v HMRC [2022] UKFTT 366 (TC) (22 September 2022) the FTT held that VAT could be recovered on the purchase of vouchers from a concession in Harrods.
The case brings together two areas of VAT law which are notoriously complex and often the subject of tribunal decisions – the VAT treatment of vouchers and VAT recovery when a VAT invoice is not held. In addition to the difficult VAT technical analysis the facts of the case are similarly complicated which led the FTT to open with the statement: ‘this decision comes with a caveat: the decision is based on inadequate evidence and may well not reflect the reality.’
The appellant Lucky Technology Ltd (Lucky) bought and sold vouchers. During 2016 it bought vouchers for use on the online gaming platform Steam from a concession in Harrods (DSG Retail aka Dixons/Currys). The vouchers were purchased over...
