Wed, 29 May 2013
Ian Bridge instructed by Colin Woodward of Barringtons Chartered Accountants successfully represented Alexandra Countryside Investments Limited before the First Tier Tax Tribunal in Birmingham on the 29th May 2013. The case involved a challenge to HMRC interpretation of Item 1 (b) (incorporating note 9) of Group 5 of Schedule 8 to the Value Added Tax Act 1994 as set out in Paragraph 5.3.5 of VAT Notice 708 and the statement contained in Business Brief 22/05. The tribunal found in favour of the Appellant. A full written judgement is pending. It is anticipated that the tribunal will conclude contrary to HMRC Note 708 that it is not necessary for any conversion only to use non-residential parts of the building for zero rating to apply where additional dwellings are created.
Ian Bridge is regularly instructed in the tax tribunals on contentious tax matters.
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