VAT applied to ‘deemed’ supplies even though these had been made through an intermediate finance company. On a simultaneous supply to an agent and a principal, agent’s tax to be in same period.
Citations:
Times 27-Feb-1995, Ind Summary 10-Apr-1995
Statutes:
Value Added Tax Act 1994 47(3)
Jurisdiction:
England and Wales
VAT
Updated: 10 April 2022; Ref: scu.90575