LUNAR MISSIONS

It is with much regret that we have lost our higher legal appeal against the UK tax authority. We are very disappointed with the ruling and that the court did not understand the economic structure of our Kickstarter crowdfunding, by treating our capital funding as if it was revenue funding. VAT should not have been paid for vouchers whose value could only have been nominal at the time of issue... Secondly, while we were grappling with the start of an under-resourced new funding campaign - and start the Setup Stage - we found that the UK tax authority (HMRC) took the view that our crowdfunding should have been subject to 20% sales tax (known in the UK as VAT). We had formally received clear professional expert advice that our crowdfunding should not be taxable. Our view was that it was not taxable anyway as the economic reality of the transaction was a capital not a revenue funding. We were not selling DMBs (digital memory boxes) but giving vouchers as rewards for donating to the start..

Also known as: Lunar Missions Ltd., Lunar Missions Trust

Registration numbers: 8661432 (W)

Primary location: Faversham United Kingdom