02 June 2015
UT Decision: HMRC v Paul Newey (t/a Ocean Finance)
VAT – scheme to avoid irrecoverable input tax on supplies of advertising services to loan broking business – establishment of loan broking business in Jersey with processing services provided by UK business – whether UK business made supplies of loan broking services – whether scheme an abuse – F-tT decision holding supplies of advertising services made to Jersey business and no abuse – HMRC’s appeal dismissed.
Julian Ghosh QC, Elizabeth Wilson & Jonathan Bremner, instructed by Ashurst LLP. acted for the Respondent.
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