In a decision released today, the Upper Tribunal has held that HMRC’s approach to the taxation of bodies established by statute for the purposes of promoting tourism is incorrect. The ruling is good news for all Tourist Boards, particularly those that have been established by statute to serve the Governments in the country they have been established to promote, because it is now clear that there is no objection in principle to such Boards receiving regular VAT credits from HMRC.
Click here for an analysis of the case by Frank Mitchell, South African Tourist Board v HMRC case note.
Click here for a link to the Upper Tribunal’s decision, South African Tourist Board v HMRC judgment
The comments made in this case note are wholly personal and do not reflect the views of any other
members of Monckton Chambers, its tenants or clients.