The exemption from VAT for the making of credit arrangements extends to the surrounding activities; not just the making of arrangement.
Citations:
Times 10-Dec-1997, [1998] STC 111
Statutes:
Value Added Tax Act 1983 Sch 6 Group 5
Jurisdiction:
England and Wales
Citing:
Appeal from – Commissioners of Customs and Excise v Civil Service Motoring Association Ltd Admn 24-Jan-1997
. .
Cited by:
Cited – Commissioners of Customs and Excise v Institute of Directors, BAA Plc v Commissioners of Customs and Excise CA 11-Dec-2002
The court examined arrangements whereby organisations which were not banks, endorsed credit cards to be issued by banks to their members.
Held: The granting of credit was exempt from VAT, and also were exempted negotiations of credit and the . .
Appealed to – Commissioners of Customs and Excise v Civil Service Motoring Association Ltd Admn 24-Jan-1997
. .
Lists of cited by and citing cases may be incomplete.
VAT
Updated: 13 November 2022; Ref: scu.79324