HMRC has admitted potential liability to make refunds of blocked input tax related to business entertainment of overseas customers:
'Entitlement to claim input tax on expenditure on business entertainment provided to overseas clients
'HM Revenue & Customs (HMRC) are currently reviewing the input tax treatment of business entertainment provided to overseas clients in the light of a recent European Court of Justice (ECJ) judgment in the joined case of Danfoss and AstraZeneca Case C-371/07.
'The case concerned a Danish law provision which excluded certain types of expenditure from the right to deduct VAT and whether it was still effective since although it had been introduced before the Sixth Directive...
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HMRC has admitted potential liability to make refunds of blocked input tax related to business entertainment of overseas customers:
'Entitlement to claim input tax on expenditure on business entertainment provided to overseas clients
'HM Revenue & Customs (HMRC) are currently reviewing the input tax treatment of business entertainment provided to overseas clients in the light of a recent European Court of Justice (ECJ) judgment in the joined case of Danfoss and AstraZeneca Case C-371/07.
'The case concerned a Danish law provision which excluded certain types of expenditure from the right to deduct VAT and whether it was still effective since although it had been introduced before the Sixth Directive...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
