HMRC’s retrospective change on VAT and contract terminations: practical options for businesses

The UK’s HM Revenue & Customs (HMRC) has changed its view on the VAT treatment of payments in respect of contract terminations and contractual disputes, with retrospective effect. Some recipients of payments in the last four years may be able to challenge HMRC’s stance in the tax tribunal. For others, judicial review – either alone or as part of a group action – may be the only possible remedy, but the time limits are short.

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