TLLC Ltd v Revenue and Customs: FTTTx 3 Sep 2013

FTTTX VAT – recovery of input tax on professional fees relating to the sale of shares in subsidiary companies – Skatteverket v AB SKF – whether sale of shares constituted an economic activity – yes – if so, whether an exempt supply – yes – if an exempt supply, whether input tax recoverable – no – whether sale of shares a transfer of a going concern – no – if so, whether input tax recoverable – no – whether discharge of indebtedness by subsidiary companies on completion of sale comprised part of consideration for the supply of the shares – no – appeal dismissed

[2013] UKFTT 467 (TC)
England and Wales


Updated: 20 November 2021; Ref: scu.515568