Whether VAT recoverable as input tax on professional fees incurred by a
bidding company in the course of a takeover of a target company which was
a member of a VAT group; whether such services were attributable to the
economic activities of the acquiring company combined with the taxable
supplies of the VAT group; whether there was a direct and immediate link
between the supplies constituted by the services and taxable supplies made
by the VAT group; appeal by HMRC against decision of First-tier Tribunal
successful; claim for input tax denied.