Supplier receiving payment – subsequently coming subject to an unconditional obligation to repay – actual repayment not made – whether reduction in consideration for taxable supply – no – appeal dismissed
Source: gov.uk
Latest Posts in "United Kingdom"
- HMRC Updates VAT Refund Guidance for New Charity Buildings and DIY Housebuilders Scheme
- Supreme Court Rules NHS Trusts Must Charge VAT on Car Parking Without Binding Legal Exemption
- VAT Penalty Overturned: Tribunal Accepts Combined Personal and Operational Crises as Reasonable Excuse
- HMRC Signals VAT Reform: Care Home Crackdown and Major Capital Goods Scheme Threshold Hike
- HMRC v Moir Management: Penalties for Failure to Notify Notifiable Arrangements and Reasonable Excuse Considered
