Commentary

RCB/27/11 HMRC position following the Tribunal decision in Paymex Ltd

Part V16 Forms and other HMRC material

RCB/27/11 HMRC position following the Tribunal decision in Paymex Ltd

RCB/27/11 HMRC position following the Tribunal decision in Paymex Ltd

Revenue & Customs Brief, Issue 27. 19 July 2011

This brief explains the HM Revenue & Customs (HMRC) position following the First Tier Tribunal decision in Paymex Ltd (Case ref (2011) UKFTT 350).

The Tribunal found against HMRC and upheld the appeal of Paymex Ltd that the liability of the services of Insolvency Practitioners when conducting and supervising consumer Individual Voluntary Arrangements are exempt from VAT. HMRC are not appealing this decision.

Background

Paymex Ltd is the representative member of a VAT group which includes Blair Endersby. Blair Endersby provides Insolvency Practitioners (IPs)

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