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Value Added Tax

VAT can have significant effects on a business. As a turnover tax, it must be paid whether or not a business is making a profit. Incorrect structuring of a transaction or problems with reclaims can have alarming effects on cash flow or create irrecoverable VAT.


Notable deals and highlights

  • We advised on all VAT aspects of financing, construction and operation of the UK/Belgium Interconnector natural gas pipeline.
  • We provided VAT and SDLT advice to Oxford University concerning a number of property acquisitions and lettings.
  • Our team conducted a successful appeal to the VAT tribunal regarding VAT relief for the importation of gemstones by a charity.

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