BB/12A/06 VAT—partial exemption – VAT deduction by theatres on production costsBusiness Brief, Issue 12. 21 August 2006This Business Brief article announces HMRC's decision to appeal to the Court of Appeal the High Court decision in the case of Mayflower Theatre Trust Ltd (MTT) ([2006] EWHC 706 (Ch)). It also provides guidance for theatres affected by the High Court decision.BackgroundAs a result of HMRC's revised policy on the application of the cultural exemption announced in Business Brief 28/03, many theatres claimed exemption for their supplies of admission. In making claims for output tax previously charged in error, theatres had to also adjust their input tax deduction. This led to disputes
Business Brief, Issue 12. 21 August 2006
This Business Brief article announces HMRC's decision to appeal to the Court of Appeal the High Court decision in the case of Mayflower Theatre Trust Ltd (MTT) ([2006] EWHC 706 (Ch)). It also provides guidance for theatres affected by the High Court decision.
As a result of HMRC's revised policy on the application of the cultural exemption announced in Business Brief 28/03, many theatres claimed exemption for their supplies of admission. In making claims for output tax previously charged in error, theatres had to also adjust their input tax deduction. This led to disputes
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