VALUE SHIFTING – furniture sold at a discount of 19 per cent of the retail selling price on condition that the customer takes insurance against manufacturing defects for a premium of 19 per cent of which about 17 per cent is returned to the Appellant as insurance commission – transactions not effective to create separate supplies with earlier documents – with later documents the transactions create two supplies but the apportionment of the consideration is not real – abuse of rights not applicable to the transactions generally but only to the apportionment of the consideration – issues of whether the assessment was made in time and of the correct apportionment to be determined at a further hearing
[2004] UKVAT V18746
Bailii
England and Wales
Updated: 14 October 2021; Ref: scu.213713