The case of Paul Newey trading as Ocean Finance This case has previously been heard at the CJEU (C-653/11) and Court of Appeal (see Mazars tax blog here), but was referred back to the FTT. Despite acknowledging that Mr Newey entered into the arrangement to organise advertising for his UK loan broking business from Jersey, for a VAT avoidance purpose, the FTT has found that the arrangements were commercial.
Source: Mazars
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