The Commissioners for HM Revenue and Customs v 1. Temple Finance Limited 2. Temple Retail Limited: [2017] UKUT 0315 (TCC)

Upper Tribunal Tax and Chancery decision of Judge Sinfield and Judge Falk on 4 August 2017.

Read the full decision in The Commissioners for HM Revenue and Customs v 1. Temple Finance Limited 2. Temple Retail Limited: [2017] UKUT 0315 (TCC).

VAT – whether paragraph 1 Schedule 6 VATA (supplies of services between connected parties at below open market value) applied – whether standard method of recovery of input tax on overheads appropriately reflected use of inputs – whether correct approach affected by principle of fiscal neutrality – whether activities carried on by two separately registered companies amounted to a single business – appeal dismissed

Published 4 August 2017