FTTTx VAT – recovery of input tax on exempt supplies pursuant to VATA s.26(2)(c) – Exempt supplies under VATA Schedule 9, Group 5, item 1 (‘The issue, transfer or receipt of, or any dealing with, money, any security for money or any note or order for the payment of money’) – Supply of foreign exchange services (FOREX) to persons, principally from Australia, New Zealand and South Africa, who are in the United Kingdom on a ‘working holiday’ or ‘overseas experience’ – whether services ‘supplied to a person who belongs outside the member States’ (Value Added Tax (Input Tax) (Specified Supplies) Order 1999 (SI 1999/3121) art 3(a)) – no in the circumstances of the case – Appeal dismissed
[2012] UKFTT 84 (TC)
Bailii
England and Wales
Updated: 25 September 2021; Ref: scu.450772 br>