HMRC has changed its view on the VAT treatment of payments in respect of contract terminations and contractual disputes, with retrospective effect. Some recipients of payments in the last four years may be able to challenge HMRC’s stance in the FTT. For others, judicial review (either alone or as part of a group action) may be the only possible remedy, but the time limits are short.
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HMRC has changed its view on the VAT treatment of payments in respect of contract terminations and contractual disputes, with retrospective effect. Some recipients of payments in the last four years may be able to challenge HMRC’s stance in the FTT. For others, judicial review (either alone or as part of a group action) may be the only possible remedy, but the time limits are short.
If you are not a subscriber, subscribe now to read this content.
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