Barclays Service Corporation & Barclays Execution Services Ltd v HMRC case overview

In September 2024, the First-tier Tribunal (Tax Chamber) is expected to issue its decision in the case of Barclays Service Corporation & Barclays Execution Services Ltd v HMRC. This is Barclays’ appeal against an HMRC decision to reject an application for a US registered group company to join Barclays’ UK VAT group on the basis that its UK branch was not established, and did not have a fixed establishment, in the UK.
Giles Salmond and Anastasia Nourescu from Stewarts’ Tax Litigation and Resolution team has recorded a short update explaining the background to the VAT grouping rules, how they apply to UK branches of foreign companies, the wider significance of the Barclays decision and its impact on the Financial Services sector in particular.
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