While preparing for tomorrow's hearing, a minor issue with our bills has come to light. Ordinarily we are not required to charge VAT (a form of European sales tax) on services delivered to people outside the European Union. However, the tax exemption does not apply when the services relate to sales and seizures of real estate. For our purposes, the exemption ceased to apply at the point when we decided to start the current claim to enforce the charging orders (i.e. to seize and sell 7 Hampden Street and 36 King Street).
This means we should have charged VAT on our professional services and on certain disbursements. We did not, however, do so. We must, therefore, credit and re-invoice the following amounts with VAT at 20%, being the sums on which VAT is payable.