RIBA Enterprises loses VAT battle over £1.6m bill

Richard Waterhouse

Dispute centred on VAT refunds of just over £2m

The commercial arm of the RIBA has been forced to accept defeat in a row with the VAT man over a disputed tax bill of nearly £1.6m.

RIBA Enterprises included a possible VAT repayment of £1.54m as an exceptional item in its 2015 accounts.

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