First-Tier Tribunal
Sarabande, a charity for emerging artists, had claimed VAT recovery on a property acquisition and subsequent refurbishment costs. HMRC disallowed the claim on the basis it understood that Sarabande had made exempt supplies of land, meaning that this VAT would be irrecoverable. Sarabande successfully appealed to the First Tier Tribunal (FTT) safeguarding its VAT repayments.
Sarabande Foundation v HMRC
2025