• Recovery of VAT on Deal Fees: Airtours is Denied a Deduction for VAT Paid on Fees Charged by Advisors on its Restructuring
  • September 10, 2014 | Authors: Emma Hardwick; Michael T. McGowan; Andrew Thomson
  • Law Firm: Sullivan & Cromwell LLP - London Office
  • Airtours Holidays Transport Limited has been denied recovery of VAT on fees it paid to PricewaterhouseCoopers LLP for a review of Airtours’ financial position in connection with its possible restructuring.