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Loan broking structure fails to remove irrecoverable VAT cost (Wilmslow Financial Services plc (in administration) v HMRC)

Loan broking structure fails to remove irrecoverable VAT cost (Wilmslow Financial Services plc (in administration) v HMRC)
Published on: 18 January 2021
Published by: LexisPSL
  • Loan broking structure fails to remove irrecoverable VAT cost (Wilmslow Financial Services plc (in administration) v HMRC)
  • Why it matters
  • Case details

Article summary

Tax analysis: In Wilmslow Financial Services plc (in administration) v HMRC, the First-tier Tribunal (FTT) (Tax Chamber) decided that a structure designed to avoid irrecoverable VAT being suffered on advertising services for a loan broking business failed to achieve its desired effect. or take a trial to read the full analysis.

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