VDT VAT assessment – input tax – whether deductible – whether goods or services used for the purpose of a business – input tax on expenditure incurred on re-fitting a yacht – business of trader comprised consultancy in development of thinking skills – yacht provided stimulation to creative thinking – expenditure not directly referable to the purpose of the business – input tax deduction not available – appeal dismissed – VATA 1994 ss24 and 26
Citations:
[2008] UKVAT V20884
Links:
VAT
Updated: 23 July 2022; Ref: scu.301847