In Lunar Missions v HMRC [2019] UKUT 298 (8 October 2019) the UT found that the issue of ‘single purpose’ face value vouchers was a supply to which the ‘normal’ time of supply rules (VATA 1994 s 6) applied.
Lunar offered rewards to supporters who pledged funds through a crowd-funding platform to fund a project to send an unmanned spacecraft to the moon to undertake scientific research. The rewards consisted in digital and/or physical space in a capsule that would be buried on the moon by the spacecraft. HMRC considered that Lunar made a supply to its supporters at the time at which the pledges made by supporters became unconditional and Lunar received payment whereas Lunar contended that the supplies would only take place when the digital or physical space in the capsule would be provided. The issue was therefore the time of the supplies by Lunar.
The...
