The UK Supreme Court has today dismissed an appeal by HM Revenue & Customs (HMRC) in a case against Aimia Coalition Loyalty, formerly known as Loyalty Management UK (LMUK), upholding the right of third parties to recover VAT in loyalty scheme arrangements. The ruling reinforces the neutrality principle of VAT on businesses.
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Despite the relief, Brazil’s government has also presented a bill which seeks to re-impose a tax burden on companies’ payroll, one local tax specialist told ITR
While successful pillar two implementation will require collaboration across all units, a combination of internal and external tax advice is at the centre of the effort