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.

Citations:

Ind Summary 12-Sep-1994

Jurisdiction:

England and Wales

Cited by:

Appeal fromPrimback Ltd v Commissioners of Customs and Excise CA 30-Apr-1996
A retailer giving a discount was liable for Vat only on the discounted finance price, not on the full retail price. . .
At QBDPrimback 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 . .
Lists of cited by and citing cases may be incomplete.

VAT

Updated: 28 April 2022; Ref: scu.85038