.png)
.png)
Two cases on VAT avoidance schemes: Blackqueen Limited (17680); and The University of Huddersfield Higher Education Corporation (17854).
Dodgy motor scheme?
A case of some notoriety at the VAT Tribunal, made available last summer, concerned a convoluted tax avoidance scheme entered into by a group of companies within the motor trade. The purpose of this scheme was to enable the group to obtain full input tax credit for VAT purposes on purchases of vehicles, but to account for output tax only on the profit margin.
Two cases on VAT avoidance schemes: Blackqueen Limited (17680); and The University of Huddersfield Higher Education Corporation (17854).
Dodgy motor scheme?
A case of some notoriety at the VAT Tribunal made available last summer concerned a convoluted tax avoidance scheme entered into by a group of companies within the motor trade. The purpose of this scheme was to enable the group to obtain full input tax credit for VAT purposes on purchases of vehicles but to account for output tax only on the profit margin.
The appellant was a company established in the Republic of Ireland and registered for VAT there. The appeal concerned two decisions of Customs and Excise refusing applications for the refund of VAT in excess of £2.1 million charged to the appellant by its parent company which was a taxable person established in the United Kingdom.
The company Blackqueen Limited ...
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
