- TalkTalk Telecom Ltd’s appeal against HMRC regarding VAT discounts for prompt payment was dismissed by the Upper Tribunal
- The case involved a Speedy Payment Discount (SPD) offered by TalkTalk to retail customers
- The Tribunal ruled that VAT should be calculated on the full billed amount, not the discounted amount
- The terms of service did not allow for the SPD to be considered a discount for prompt payment
- TalkTalk was assessed for underpaid VAT amounting to £10,606,226 due to the incorrect application of the SPD
Source: bailii.org
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "United Kingdom"
- UK VAT Briefing: Key Updates and Developments (July – August 2025)
- Overview of UK VAT Late Payment Penalties
- Lancer Scott Ltd v HMRC: VAT Assessment, Penalties, and Time Limit Dispute Dismissed by Tribunal
- Raising VAT Rates: A Solution for Budget Deficit and Economic Growth
- Webb v HMRC: VAT Input Tax Disallowance, Exempt Supplies, No Business Activity, Appeal Dismissed