Analysis

Ocean Finance Upper Tribunal Decision

Indirect tax webcast

The Upper Tribunal decision was handed down on 2 June 2015 in the VAT case of Paul Newey (T/A Ocean Finance). This is a major decision concerning the implementation of an offshoring arrangement. It concerns topical issues relevant to the concepts of ‘establishment’ and ‘VAT efficient structures’, provides additional commentary around the influence of the contractual position versus economic substance, and reviews the concept of the Halifax principle of ‘abuse of law’ and its wider application to VAT planning.

Deloitte hosted a webcast on 8 June 2015 to discuss the implications of the case. The recording will be available until 31 August.

Key contacts

Andrew Clarke
Senior Manager
01223 25 9455

Donna Huggard
Senior Manager
020 7303 7914

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