This month’s review by Jo Crookshank and Gary Barnett (Simmons & Simmons) covers recent decisions on the single/multiple supply rule and the VAT finance intermediation exemption, as well as HMRC’s change of policy on pension scheme costs.
Single supply of global support services
In JPMorgan Chase Bank NA v HMRC [2025] UKUT 188 (TCC) the Upper Tribunal upheld the 2023 First-tier Tribunal (FTT) decision that supplies of intra-group support services made between two group companies under a global master services agreement within the worldwide JPMorgan group amounted to...
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This month’s review by Jo Crookshank and Gary Barnett (Simmons & Simmons) covers recent decisions on the single/multiple supply rule and the VAT finance intermediation exemption, as well as HMRC’s change of policy on pension scheme costs.
Single supply of global support services
In JPMorgan Chase Bank NA v HMRC [2025] UKUT 188 (TCC) the Upper Tribunal upheld the 2023 First-tier Tribunal (FTT) decision that supplies of intra-group support services made between two group companies under a global master services agreement within the worldwide JPMorgan group amounted to...
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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