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In 2023, a shareholder recovered the VAT paid on professional fees despite making an exempt sale of the shares in their company.
HMRC rejected the shareholder’s claim, but the Tribunals have accepted the shareholder’s arguments. The case is Hotel La Tour Ltd [2023] UKUT 00178 (TCC).
Shareholders should now be considering whether they can structure their share sales in order to recover VAT on professional fees, or whether share sales in the past four years qualified for input tax recovery.
Welcome to our April 2024 edition in which we cover increases to the Vento bands, Employment Tribunal compensation limits and Statutory Caps; government guidance on holiday pay; recent changes to the immigration rules; and a case update dealing with the need to make reasonable adjustments for an employee with a disability.
Join Peter Lowe, Senior Partner and Lucy Compton, Senior Paralegal in our Family team at Wright Hassall as they go back to basics and discuss the divorce process from start to finish.