13 November 2019
FTT Decision: Taylor Pearson (Construction) LTD v HMRC
Appeal concerning the taxpayer’s right to deduct input VAT on professional fees for advice connected with a tax avoidance arrangement. The First-tier Tribunal (Judge Gillett) allowed the taxpayer’s appeal holding that the input supplies were for the purpose of the business and had a direct and immediate link with the company’s taxable output supplies.
The First-tier Tribunal released its Decision in Taylor Pearson (Construction) LTD v The Commissioners for Her Majesty’s Revenue and Customs.
Ben Elliott, Counsel, instructed by Grey Eclipse (formerly Blackstar Defence Ltd), for the Appellant.
To see the approved decision, click here.