VDT VALUE ADDED TAX – car manufacturer offering free or low-interest credit – credit provided by finance company to retail customer – subsidy paid by manufacturer to finance company – whether price reduction within principles established in Elida Gibbs – whether subsidy to be deducted from consideration received by manufacturer for supply of car to dealer – no – subsidy consideration for separate exempt supply – appeal dismissed
Citations:
[2005] UKVAT V19260
Links:
VAT
Updated: 04 July 2022; Ref: scu.237977