VATupdate

Share this post on

FTT-decision TalkTalk v HMRC – Liability of VAT on a discounted price

The judge found to be unambiguous the (now amended) provision allowing UK taxpayers to charge VAT on a discounted price even where the full price was received, and felt that it would exceed the boundaries of interpretation if it gave that provision an EU law-consistent meaning (which would in any case require VAT to be paid on the actual consideration received).

Source Fabian Barth

Sponsors:

VAT news

Advertisements: