VALUE ADDED TAX – Exclusion of input tax credit for VAT charged on the supply of a motor car to a taxable person – art.7 VAT (Input Tax) Order 1992 (SI 1992/3222) – whether ‘relevant condition’ satisfied, that taxable person intends to use the motor car exclusively for the purposes of a business carried on by him – whether taxpayer not taken so to intend on the basis that he intends to let the car on hire for a consideration which is less than that which would be payable in money if it were a commercial transaction conducted at arms length – art. 7(2G)(a) of SI 1992/3222 – held that the Appellant intended to and did let the cars on hire for a consideration which was less than an arms length consideration – appeal dismissed
[2004] UKVAT V18808
Bailii
England and Wales
VAT
Updated: 20 November 2021; Ref: scu.219780
