Jo Crookshank and Gary Barnett (Simmons & Simmons) review two decisions on input VAT recovery on a supply of land and student union catering from a bar, and the consultation on UK e-invoicing.
Supply of land part of wider taxable supply
In Sarabande v HMRC [2025] UKFTT 93 (TC) the question was whether Sarabande (SB) made exempt supplies of land to its subsidiary SIL such that its claim for input VAT on acquisition and refurbishment costs incurred in relation to a building should be denied. The FTT had decided that no supply of land was in fact made to SIL however given the conflicting claims by the taxpayer and its advisers and the lack of clear documentation in this case it is easy to have some sympathy with HMRC.
SB is a charity established by Lee Alexander McQueen and owner of the relevant...
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:
Jo Crookshank and Gary Barnett (Simmons & Simmons) review two decisions on input VAT recovery on a supply of land and student union catering from a bar, and the consultation on UK e-invoicing.
Supply of land part of wider taxable supply
In Sarabande v HMRC [2025] UKFTT 93 (TC) the question was whether Sarabande (SB) made exempt supplies of land to its subsidiary SIL such that its claim for input VAT on acquisition and refurbishment costs incurred in relation to a building should be denied. The FTT had decided that no supply of land was in fact made to SIL however given the conflicting claims by the taxpayer and its advisers and the lack of clear documentation in this case it is easy to have some sympathy with HMRC.
SB is a charity established by Lee Alexander McQueen and owner of the relevant...
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:
