United Kingdom First-tier Tribunal (Tax) 15 September 2014, TC 04011 (T J Charters LLP v Commissioners for Her Majesty's Revenue and Customs)

[2014] UKFTT 896 (TC) TC04011 Appeal number: TC/2013/02795 VAT – output tax – motor yacht acquired, intended to be used for chartering business with some private use – input tax on purchase of vessel recovered in full – no material records of private use – whether appropriate to apply Lennartz method of accounting for output tax – whether input tax should instead have been apportioned – whether