UK Court of Appeal's BAA ruling teaches holding companies VAT recovery lesson

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UK Court of Appeal's BAA ruling teaches holding companies VAT recovery lesson

Joe Dalton
February 28 2013
heathrow.jpg

Foreign investors using holding companies to acquire UK entities need to learn from the mistakes made by Spanish multinational Ferrovial after it used Airport Development and Investments Limited (ADIL) as a vehicle to acquire airport operator BAA (now Heathrow) if they want to recover input VAT.

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Joe Dalton worked at ITR between 2011 and 2013
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