RegulationCorporate GovernanceNewcastle United fights HMRC in VAT case

Newcastle United fights HMRC in VAT case

Football club begins appeal against last year's VAT decision

Newcastle
United
is attempting to overturn a VAT tribunal decision in the
High Court over a £475,000 VAT bill.

The football club lost a VAT appeals tribunal
last August, where it was not allowed to
claim back VAT on fees paid to agents involved in transfers between the club and
players.

The club was looking to claim back around £475,000.

The appeal, being heard in the chancery division at the High Court of
Justice, is expected to last three days, with a decision announced in up to
eight weeks.

Further reading:

HMRC eyes up football clubs

VAT tribunal: Newcastle United FC ‘lied’

Taking
Stock: I’ll name that Toon in one

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