VATupdate
VAT

Cab driver insurance deal put to the test

The taxpayer claimed the insurance was an optional extra and exempt from VAT.  HMRC argued the hire of taxi cabs including insurance was a single composite supply. The FTT concluded that the supply was mixed and that the taxpayer was entitled to treat the insurance element as exempt from VAT.

Source: accountingweb.co.uk

Sponsors:

VAT

Advertisements:

  • VAT
* click here if you have interesting news to share *