The Association held a dinner. Tickets were sold and the proceeds of the ticket sales were used to purchase the trophies. The Commissioners sought to charge output tax on the trophies, suggesting they were a separate supply.
Held: Where a direct link could be shown between the giving of business assets and receipts from others who were not themselves recipients, the paragraph did not apply. The purchase of the tickets constituted the consideration for the supply of the trophies.
Citations:
Gazette 07-Apr-1993, Independent 24-Feb-1993
Statutes:
Value Added Tax Act 1983 Sched 2 Para 5
Jurisdiction:
England and Wales
VAT
Updated: 08 April 2022; Ref: scu.79394