Chris Reece summarises the VAT decisions of the new First-tier Tribunal. Please note that the decision numbers are no longer sequential. These are up to date to 15 June 2009
Not a reconstruction
Sophie applied to be registered in 2003. It had purchased a property and told HMRC that it intended to substantially reconstruct that building eventually making a zero-rated onward supply. In the meantime Sophie would be incurring some input VAT and wished to register in order to reclaim that input tax.
When Sophie applied to deregister in 2006 HMRC questioned why Sophie had made no taxable supplies. Sophie returned a Business Assets and Stock form showing no assets but later explained that it had sold...
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Chris Reece summarises the VAT decisions of the new First-tier Tribunal. Please note that the decision numbers are no longer sequential. These are up to date to 15 June 2009
Not a reconstruction
Sophie applied to be registered in 2003. It had purchased a property and told HMRC that it intended to substantially reconstruct that building eventually making a zero-rated onward supply. In the meantime Sophie would be incurring some input VAT and wished to register in order to reclaim that input tax.
When Sophie applied to deregister in 2006 HMRC questioned why Sophie had made no taxable supplies. Sophie returned a Business Assets and Stock form showing no assets but later explained that it had sold...
If you are not a subscriber, subscribe now to read this content.
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