Revenue and Customs Commissioners v LokʼnStore Group plc  BVC 523
 UKUT 0288 (TCC)
Upper Tribunal (Tax and Chancery Chamber)
Mr Justice Henderson
Decision released 23 June 2014
Value added tax – Input tax – Partial exemption – Company making taxable supplies of storage and exempt supplies of insurance – Special method for calculating proportion of deductible input tax on overheads – Whether special method produces fairer and more reasonable result than standard method – Held yes by First-tier Tribunal (FTT) – Whether FTT erred in law in so concluding – Held no – Value Added Tax Regulations 1995 (SI 1995/2518), reg. 101 and 102 – Appeal dismissed.