FTTTx VAT – output tax – motor yacht acquired, intended to be used for chartering business with some private use – input tax on purchase of vessel recovered in full – no material records of private use – whether appropriate to apply Lennartz method of accounting for output tax – whether input tax should instead have been apportioned – whether assessment out of time under s 73(6)(b) VATA – appeal allowed in part
[2014] UKFTT 896 (TC)
Bailii
England and Wales
VAT
Updated: 21 December 2021; Ref: scu.536756