- HMRC rejected an application to include Barclays Services Corporation (BSC) in a VAT group
- The First-tier Tribunal rejected Barclays’ appeal on the grounds that BSC did not have sufficient resources in the UK
- The Tribunal also considered the potential practical repercussions of changing the UK’s approach to VAT grouping
- The Tribunal rejected HMRC’s argument regarding the protection of revenue in relation to VAT savings
Source: taxscape.deloitte.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
