Omleen Ajimal, a tax associate at Lovells, which developed the concept of the 'virtual assignment', considers the recent Court of Appeal decision in the Abbey National case
Omleen Ajimal a tax associate at Lovells which developed the concept of the 'virtual assignment' considers the recent Court of Appeal decision in the Abbey National case
The Court of Appeal has recently decided the VAT treatment of 'virtual assignments' in the case of Abbey National plc v HMRC.1 In this article we consider the concept of the virtual assignment and outline its VAT history and current treatment. We then consider whether the current treatment means that the virtual assignment concept is from a VAT perspective now problematic and potentially costly. Is the virtual assignment now dead? The answer is: no ...
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Omleen Ajimal, a tax associate at Lovells, which developed the concept of the 'virtual assignment', considers the recent Court of Appeal decision in the Abbey National case
Omleen Ajimal a tax associate at Lovells which developed the concept of the 'virtual assignment' considers the recent Court of Appeal decision in the Abbey National case
The Court of Appeal has recently decided the VAT treatment of 'virtual assignments' in the case of Abbey National plc v HMRC.1 In this article we consider the concept of the virtual assignment and outline its VAT history and current treatment. We then consider whether the current treatment means that the virtual assignment concept is from a VAT perspective now problematic and potentially costly. Is the virtual assignment now dead? The answer is: no ...
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:
