It is rare for a tax case to influence the general law, and even rarer for a case on general principles to have an impact on tax. In a landmark ruling, the Supreme Court has clarified the enforceability of penalty clauses. This may cause HMRC to re-examine whether excess parking charges are within the scope of VAT. And this could be bad news for car park operators and for the motorist.
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It is rare for a tax case to influence the general law, and even rarer for a case on general principles to have an impact on tax. In a landmark ruling, the Supreme Court has clarified the enforceability of penalty clauses. This may cause HMRC to re-examine whether excess parking charges are within the scope of VAT. And this could be bad news for car park operators and for the motorist.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes: