LATEST VAT NEWS
HMRC were successful at the Supreme Court in denying a bid by Zipvit Ltd to reclaim VAT it had not incurred on a supply from the Royal Mail. This confirmed the decisions at the First-tier Tribunal, Upper Tribunal and Court of Appeal.
First-tier Tribunal appeal to reclaim £2m of input tax (VAT) in connection with insurance intermediary supplies is dismissed.
Do you have a partially exempt business whose income and partial exemption recovery percentage has been adversely affected by Covid-19?