Insights
Client Alert
UK VAT Update
March 18, 2010
Arun Birla, Jiten Tank and George Weston
There have been a number of interesting developments in the application of the UKs value added tax (VAT) rules. This Alert summarizes those developments.
In particular, although the recovery of VAT on corporate transactions has often been challenged, the outcome in a number of recent cases, (both in the UK Tax Chamber of the First-Tier Tribunal (the Tribunal) and the European Courts of Justice (the ECJ)) may be helpful to those seeking to recover VAT. Most notably, the BAA group succeeded in its claim to recover VAT on various costs incurred by a bid company which acquired the BAA group in 2006.
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UK Budget Alert 2010
March 25, 2010
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