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Loan administration services were debt collection services (Target Group Limited v HMRC)

Published on: 01 May 2018
Published by: LexisPSL
  • Loan administration services were debt collection services (Target Group Limited v HMRC)
  • What are the practical implications of this case?
  • What was the background?
  • What did the court decide?
  • Case details

Article summary

Tax analysis: In Target Group Limited v HMRC the First-tier Tax Tribunal (FTT) held that loan administration services provided by Target Group Limited (Target) to a UK bank, Shawbrook Bank Limited (Shawbrook), were standard rated as supplies of debt collection. Target’s appeal was dismissed. or take a trial to read the full analysis.

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