Court Case Bluejay Mining PLC (BM)
This case offered an in-depth discussion of the topic of whether a holding company can deduct VAT incurred as input VAT when providing services to subsidiaries. It must have bona fide agreements in place, services must actually be supplied and loans must be repayable. Some readers may be interested in the complexities of these points if they are operating as a holding company which provides services to its subsidiaries.
Source Constable
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
