HMRC decided that the initial start-up phase (before manufacturers were paying for tests) represented a non-business activity, and restricted 40% of the VAT on TZF’s UK costs.
Source Deloitte
Sponsors:
HMRC decided that the initial start-up phase (before manufacturers were paying for tests) represented a non-business activity, and restricted 40% of the VAT on TZF’s UK costs.
Source Deloitte
Sponsors:
