HMRC has changed its view on the VAT treatment of payments in respect of contract terminations and contractual disputes, with retrospective effect. Some recipients of payments in the last four years may be able to challenge HMRC’s stance in the FTT. For others, judicial review (either alone or as part of a group action) may be the only possible remedy, but the time limits are short.
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HMRC has changed its view on the VAT treatment of payments in respect of contract terminations and contractual disputes, with retrospective effect. Some recipients of payments in the last four years may be able to challenge HMRC’s stance in the FTT. For others, judicial review (either alone or as part of a group action) may be the only possible remedy, but the time limits are short.
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:
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.jpg?sfvrsn=335a554c_0 "300 x 250 (MPU)")