INPUT TAX – Supply for a consideration – Payment made by equipment dealer to finance leasing company – Payment was consideration for termination of existing finance leasing agreement relating to old equipment – Payment made as part of deal by which customer under existing finance leasing agreement agrees to enter into new leasing agreement of upgraded agreement – Whether VAT charged on payment is input tax of equipment dealer – Yes – VATA 1994 s.24(1)
Citations:
[2011] UKFTT 661 (TC)
Links:
Jurisdiction:
England and Wales
VAT
Updated: 30 January 2022; Ref: scu.449599