US based Formula E racing team

US based Formula E racing team had an argument with HMRC about recoverable VAT.

A HMRC compliance check challenged entitlement to VAT reclaims of >£350k which had not been accounted for very carefully. By reconstructing the records and presenting the arrangement as onward supplies to the USA we were able to overturn HMRC’s view thereby securing prior claims plus protecting VAT on ongoing arrangements.


Posted in Brexit, Case Study, Claims, Returns.