- UK Tax Tribunal approved new method for calculating output VAT on caravan sales
- Taxpayer initially applied zero-rated or reduced VAT on caravans and standard VAT on contents
- Made error correction notice for overpaid output VAT after using different valuation methodology
- Tax Agency accepted new method but rejected claims, finding original calculations fair
- Tax Tribunal disagreed with Tax Agency, stating output VAT reduction was substantial
- Taxpayer used correct method for calculating output tax
- Tax Agency failed to prove difference between methods wasn’t substantial
Source: news.bloombergtax.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.
