The FTT decision in Wilson Leisure Developments Ltd examined whether the taxpayer acted as agent or principal. The VAT difference was around £400,000, so it mattered!
The Tribunal commented that some of the key documents were poorly drafted; and this did not help the taxpayer argue his case. The documents ‘leave much unsaid and in some respects are ambiguous.’
Given that the VAT loss was around £400,000, it would have been worth the taxpayer paying a trained legal draftsman to prepare well worded contracts.
Hi, I am a VAT Consultant, working mainly with charities. I am based in Cambridgeshire
I have over 20 years experience in VAT, and am currently also a part-time member of the Tax Tribunals.