Jonathan Bremner Pump Court Tax Chambers examines the problem traders face in reclaiming input tax from HMRC in the light of Rioni Ltd v HMRC
In many areas particularly those viewed as being most at risk of involving VAT fraud such as trading in mobile telephones and computer components traders have for some time found it virtually impossible to obtain repayments of input tax from HMRC. A recent interim hearing in the High Court in Rioni Ltd v HMRC indicates that a new remedy may potentially be available for traders faced with this issue. The case is now proceeding to trial where the taxpayer's approach will be further tested.
Obtaining Repayment Of Input Tax
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Jonathan Bremner Pump Court Tax Chambers examines the problem traders face in reclaiming input tax from HMRC in the light of Rioni Ltd v HMRC
In many areas particularly those viewed as being most at risk of involving VAT fraud such as trading in mobile telephones and computer components traders have for some time found it virtually impossible to obtain repayments of input tax from HMRC. A recent interim hearing in the High Court in Rioni Ltd v HMRC indicates that a new remedy may potentially be available for traders faced with this issue. The case is now proceeding to trial where the taxpayer's approach will be further tested.
Obtaining Repayment Of Input Tax
If you are not a subscriber, subscribe now to read this content.
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