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 The Commissioners for HM Revenue and Customs v Lok’nStore Group Plc: [2014] UKUT 0288 (TCC).

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.

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