Should a customer lose its ability to claim input tax credit for the VAT which its supplier should have accounted to HMRC in respect of the relevant supplies? Logic dictates that this right should not be lost; but that is not the decision the UT ultimately reached in Zipvit.
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Should a customer lose its ability to claim input tax credit for the VAT which its supplier should have accounted to HMRC in respect of the relevant supplies? Logic dictates that this right should not be lost; but that is not the decision the UT ultimately reached in Zipvit.
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: