Partnerships can only recover a small amount of VAT on fees for accountancy services to partnerships under guidelines by HMRC, a first-tier tribunal has ruled.
In the case Mundays LLP v HMRC TC02374, law firm Mundays disputed with HMRC the amount of VAT it could recover on fees paid to Menzies.
The court heard that Menzies did not deliver a single invoice to the appellant covering all its services.
About Nick Huber
I’m a specialist business journalist and have a particular interest in tax and technology.