VAT: Doctrine of abuse: offshore scheme not redefined | Practical Law

VAT: Doctrine of abuse: offshore scheme not redefined | Practical Law

The Upper Tribunal has held that advertising services supplied to an offshore loan broker, which saved otherwise irrecoverable VAT, could not be redefined to determine what the VAT consequences would be in the absence of the abusive practices.

VAT: Doctrine of abuse: offshore scheme not redefined

Practical Law UK Articles 1-617-5371 (Approx. 3 pages)

VAT: Doctrine of abuse: offshore scheme not redefined

by Norton Rose Fulbright LLP
Published on 23 Jul 2015
The Upper Tribunal has held that advertising services supplied to an offshore loan broker, which saved otherwise irrecoverable VAT, could not be redefined to determine what the VAT consequences would be in the absence of the abusive practices.