12 February 2015
FTT Decision: Taylor Wimpey v HMRC
VAT –taxpayer’s supplies effectively exempt under UK law – taxpayer seeking to rely on its directly effective right to treat supplies as standard rated – output tax exceeding input tax – whether HMRC entitled to deny input tax claim – meaning of direct effect – taxpayer’s right is only to net amount – appeal dismissed
James Rivett, instructed by PWC Legal LLP, acted for Taylor Wimpey.
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