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A Balanced Approach to Halifax

Amanda Brown and Keith Anderson both partners in the indirect tax team at KPMG in the UK consider Halifax in relation to the decision in Pendragon
The decision in Pendragon v HMRC was released on 31 July 2009. The hearing took place in the VAT and Duties Tribunal in September 2008 before Mr Shipwright sitting with Ms Wong Chong.
The decision related to finance arrangements for demonstrator vehicles put in place by the Pendragon group of companies.
The issues before the tribunal were essentially these.
●     Was Pendragon Demonstrator Sales Ltd (PDS) entitled to sell cars and account for VAT on the profit margin that was made selling cars to third-party purchasers or was it obliged to account for...

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