VAT – inputs incurred at a time when the appellant was not actually trading – was it an intended trader? – Norseman Gold W Resources and Sofology considered – held yes – credit to be given for such input tax as the appellant can demonstrate is attributable to such expected trade or is an overhead cost – appeal allowed to that extent – appeal against a penalty allowed
Citations:
[2022] UKFTT 340 (TC)
Links:
Jurisdiction:
England and Wales
VAT
Updated: 19 October 2022; Ref: scu.681379