UTTC VAT – sale of motor car on part-exchange terms – price of part-exchange car includes ‘over-allowance’ – value of supply of replacement car – periods prior to 1 August 1992 – s 10 VATA 1983 – application of ‘open market value’ – whether such value of replacement car should reflect a discount on a cash sale equivalent to the amount of the over-allowance – no – appeal dismissed
[2015] UKUT 105 (TCC), [2015] BVC 511, [2015] STC 1620
Bailii
England and Wales
VAT
Updated: 01 January 2022; Ref: scu.549076