The recent Upper Tribunal (UT) case of SilverDoor Ltd v HM Revenue and Customs [2024] UKUT 147 (TCC) highlights the complexity of VAT law and the costly consequences of misinterpretation. The case focused on the classification of SilverDoor’s supplies and whether they should be considered VAT exempt financial intermediary services. The UT upheld the First-tier Tribunal’s decision, dismissing SilverDoor’s appeal against two VAT assessments totaling £109,305. SilverDoor provided services to short-term accommodation providers, acting as a disclosed agent and receiving commission from property partners. The UT determined that the card payment service was ancillary to the principal reservation service.
Source Evelyn Partners
Latest Posts in "United Kingdom"
- UK Supreme Court Rules VAT Applicable on Success Fees After Exit from VAT Group
- JPMorgan Chase Bank NA v HMRC: VAT Dispute on Intra-group Service Taxability, Appeal Dismissed
- UK Considers VAT Cut on Domestic Fuel: Targeted Relief or Broad Measure?
- Supreme Court Clarifies VAT Grouping and Time of Supply Rules in Prudential Assurance Case
- Guernsey Seeks Companies to Support New GST Administration, Tender Deadline Approaches
