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HM Revenue and Customs has secured a significant win in the Supreme Court after successfully challenging Hotel La Tour’s attempt to recover VAT linked to the sale of shares in one of its subsidiaries. The ruling marks a decisive conclusion to a long-running dispute over whether VAT incurred on professional fees connected to a share sale can be reclaimed when the proceeds are used for taxable business activities. The judgment was delivered on December 17 by a panel comprising

After almost a year of operating under a 19% value-added tax, Colombia’s gambling industry appears to be just days away from relief, following a decisive vote in Congress to reject legislation that would have permanently enshrined the levy.   Colombia’s Congress has voted down the proposed Financing Law, which sought to make permanent a 19% VAT on online gambling activities. The measure was defeated last Tuesday in the Senate’s Fourth Committee, where lawmakers voted 9–4 agai