The Commissioners for HM Revenue and Customs v Lok'nStore Group Plc: [2014] UKUT 0288 (TCC)

Upper Tribunal Tax and Chancery decision of Mr Justice Henderson on 23 June 2014.

• From: HM Courts & Tribunals Service and Upper Tribunal (Tax and Chancery Chamber)
• Published: 1 December 2016

• Category: Tax
• Release date: 23 June 2014

Read the full decision The Commissioners for HM Revenue and Customs v Lok’nStore Group Plc: [2014] UKUT 0288 (TCC).

VAT – input tax - partial exemption – company making taxable supplies of storage and exempt supplies of insurance – special method for calculating proportion of deductible input tax on overheads – whether special method produces fairer and more reasonable result than standard method – held yes by FTT – whether FTT erred in law in so concluding – held no – appeal dismissed.

Published 1 December 2016