Hotel La Tour Ltd v Revenue and Customs (VAT – Fundraising Transactions – Whether or Not There Was A Direct and Immediate Link To Downstream Taxable Activities): FTTTx 3 Dec 2021

VAT – fundraising transactions – whether or not there was a direct and immediate link to downstream taxable activities – yes – whether or not VAT grouping means that there was no economic activity for the purposes of the initial transaction – no – whether or not the share purchase agreement was the equivalent of a transfer of a going concern – no – appeal allowed upon the basis of the direct and immediate link to downstream taxable activities

Citations:

[2021] UKFTT 451 (TC)

Links:

Bailii

Jurisdiction:

England and Wales

VAT

Updated: 26 March 2022; Ref: scu.671547