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VAT: partial exemption and car sales

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In Revenue & Customs Brief 43/10, HMRC assesses the implications of the ECJ decision in Nordania Finans A/S v Skatteministeriet, [2008] STC 3314.

HMRC now takes the view that certain claims for output tax over-declared on car sales, where input tax was blocked on the purchase, did not take proper account of EU case law on partial exemption.

See www.lexisurl.com/cnUei.
 

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