Lincoln Assurance Ltd v Revenue and Customs: VDT 17 Mar 2008

VDT VALUE ADDED TAX – input tax – Appellant made exempt supplies of finance (the sale of securities) outside the member states with a right of recovery of input tax (specified supplies) as well as taxable and exempt supplies – no goods or services supplied to the Appellant were used exclusively in making specified supplies – whether the input tax on goods or services used in part in making specified supplies was to be attributed to specified supplies by reference to the proportion which the value of the specified supplies bore to the value of total supplies – yes – appeal allowed – VATA 1994 Ss 24-26; VAT (Input Tax) (Specified Supplies) Order 1992 SI 1992 No. 3123; VAT General Regulations 1995 SI 1995 No. 2518 Regs 101 to 103.

Citations:

[2008] UKVAT V20619

Links:

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Updated: 14 July 2022; Ref: scu.267477