A retailer giving a discount was liable for Vat only on the discounted finance price, not on the full retail price.
Citations:
Times 30-Apr-1996, [1996] STC 757
Jurisdiction:
England and Wales
Citing:
Appeal from – Primback Ltd v Customs and Excise Commissioners QBD 12-Sep-1994
An undisclosed discount for interest free credit given by a retailer was not allowable, and VAT was payable on the full amount. . .
Referred to – Primback Ltd v Commissioners of Customs and Excise ECJ 15-May-2001
A company made arrangements for finance for its customers to purchase products at an apparent zero rate of interest. In fact the finance company deducted an undisclosed commission before forwarding payment to the shop. The shop wanted to pay VAT . .
Cited by:
Reference from – Primback Ltd v Commissioners of Customs and Excise ECJ 15-May-2001
A company made arrangements for finance for its customers to purchase products at an apparent zero rate of interest. In fact the finance company deducted an undisclosed commission before forwarding payment to the shop. The shop wanted to pay VAT . .
Cited – Courts Plc v Customs and Excise CA 17-Nov-2004
. .
Lists of cited by and citing cases may be incomplete.
VAT
Updated: 11 May 2022; Ref: scu.85036