A Manx company that rents out apartments in Camden in London has won a battle to pay reduced VAT.
BLS1 owns The Quarters in Swiss Cottage and claimed the luxury building was a hotel rather than residential accommodation.
But the Treasury's Customs and Excise Division charged as though the flats were full-time homes.
BLS1 appealed to Judge of Appeal Cross and Acting Deemster Sinfield - who agreed with the company and granted its appeal.
Regulator wants views on fit and proper guidance
Hygiene events for the hospitality industry
Business support session in Douglas today
Book your place for graduate career fair
Bank deposits rising, says regulator
Island maintains 'medium high' risk level for money laundering
New motorsports bar advertises for staff in countdown to TT