Alan Dolton Editor of Tolley's Tax Cases and Tolley's VAT Cases gives us the latest Tax Case news
Vision Express (UK) Ltd v HMRC (Ch D – 15 December)
The Ch D has upheld VAT Tribunal Decision 20870 in favour of HMRC. In 2001 HMRC agreed that a company (V) which traded as a retail optician could use a special partial exemption method based on floor space. Subsequently HMRC formed the opinion that this had led to V reclaiming excessive amounts of input tax and in 2005 HMRC served an override notice under VAT Regulations 1995 (SI 1995/2518) Reg 102A. V appealed.
The Tribunal dismissed the appeal observing that similar special...
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Alan Dolton Editor of Tolley's Tax Cases and Tolley's VAT Cases gives us the latest Tax Case news
Vision Express (UK) Ltd v HMRC (Ch D – 15 December)
The Ch D has upheld VAT Tribunal Decision 20870 in favour of HMRC. In 2001 HMRC agreed that a company (V) which traded as a retail optician could use a special partial exemption method based on floor space. Subsequently HMRC formed the opinion that this had led to V reclaiming excessive amounts of input tax and in 2005 HMRC served an override notice under VAT Regulations 1995 (SI 1995/2518) Reg 102A. V appealed.
The Tribunal dismissed the appeal observing that similar special...
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:
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