The Commissioners for HM Revenue and Customs v Lok'nStore Group Plc: [2014] UKUT 0288 (TCC)
Upper Tribunal Tax and Chancery decision of Mr Justice Henderson on 23 June 2014.
Read the full decision .
VAT – input tax - partial exemption – company making taxable supplies of storage and exempt supplies of insurance – special method for calculating proportion of deductible input tax on overheads – whether special method produces fairer and more reasonable result than standard method – held yes by FTT – whether FTT erred in law in so concluding – held no – appeal dismissed.
Published 1 December 2016