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 from – Primback 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 QBD – 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 . .
Lists of cited by and citing cases may be incomplete.
VAT
Updated: 28 April 2022; Ref: scu.85038
