In the First Tier tribunal (FTT) case of TalkTalk Telecom Limited the issue was the amount of consideration received on which output tax was due. Specifically, whether “prompt payment discounts” which were offered, but not taken up by customers, reduced the value of a supply.
Source Marcus Ward
Latest Posts in "United Kingdom"
- UK Tribunal Clarifies VAT Liability on Amazon Marketplace Sales
- Business Entertainment VAT Rules Updated by HMRC
- Hospitality Sector Urged to Back Petition for 10% VAT Cut
- HMRC Updates Notice 742A on Option to Tax and VAT Registration Cancellation
- Colchester Institute VAT Case: Key Implications for FE Colleges and Grant Funding
