The Upper Tribunal (UT) has released its decision in this case concerning an appeal against assessments raised by HMRC denying VAT recovery by Tower Resources Plc (Tower) on the grounds that it did not make taxable supplies for consideration, alternatively, if Tower was making taxable supplies it was not doing so in the course of an economic activity.
Source: ey.com
Latest Posts in "United Kingdom"
- HMRC Offers Free Access to Customs Declaration Data for Enhanced Compliance and Governance
- Mandatory HMRC Registration for Tax Advisors from May 2026: Key Requirements and Deadlines
- Tribunal Rules Gift Hamper Basket Not a Separate VAT Supply in Clearwater Hampers v HMRC Case
- Court Rules Education Grant Funding Is VAT-Exempt Business Income; HMRC Issues Updated Guidance
- One Third of UK Small Firms May Quit EU Trade Due to Costs and Complex Rules
