.png)
.png)
Can lessons can be learned from a recent First-tier Tribunal decision on a joint venture, asks RICHARD CURTIS
KEY POINTS
- A business develops from an informal agreement.
- The importance of written documents reflecting reality.
- The right of appeal under VATA 1994 s 83.
- Was there a joint venture or a supply of services.
- Lessons to be learned from hindsight.
Tax practitioners should I suppose be interested in the most prominent tax cases of the day.
As an example HMRC are currently crowing about how they have won a hat-trick of ‘gold’ in the three recent cases of Schofield Sloane Robinson Investment Services and Barnes.
If we are to believe the press release the department has saved approximately £200m tax that various taxpayers were seeking to ‘divert’ from the UK Exchequer by the use of tax-avoidance schemes.
That’s all very well and interesting ...
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
