BAA VAT victory could cost HMRC £100m | AccountingWEB

BAA VAT victory could cost HMRC £100m

BAA’s victory over HMRC at a recent VAT tribunal is set to cost the exchequer £100m as other companies claim back VAT on the cost of buying and selling subsidiaries.

The UK airport operator recently won an appeal regarding the £6.7m VAT bill incurred on legal fees and other costs in relation to its takeover by Spanish infrastructure group Ferrovia in 2006.


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And just who do they THINK is going to pay?

Anonymous | | Permalink

<< “BAA’s victory, combined with the success of MyTravel in a tribunal dealing with another aspect of VAT recovery on these costs, means the taxpayer is fighting back,” she added.>>

Well one "taxpayer" is.

The others will all be paying for it.

Some people need reminding that HMRC don't *have* a pot of money all their very own....