in Volkswagen Financial Services (UK) Limited v HMRC [2015] EWCA Civ 832 (VWFS) (reported in Tax Journal 7 August 2015) concerned what is a fair and reasonable apportionment of residual input VAT in respect of hire purchase (HP) transactions by VWFS. VWFS and HMRC were unable to agree how the recoverable proportion of the input VAT should be calculated under the partial exemption special method (PESM). 
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in Volkswagen Financial Services (UK) Limited v HMRC [2015] EWCA Civ 832 (VWFS) (reported in Tax Journal 7 August 2015) concerned what is a fair and reasonable apportionment of residual input VAT in respect of hire purchase (HP) transactions by VWFS. VWFS and HMRC were unable to agree how the recoverable proportion of the input VAT should be calculated under the partial exemption special method (PESM).
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.jpg?sfvrsn=335a554c_0 "300 x 250 (MPU)")