Alan Dolton Editor of Tolley's Tax Cases and Tolley's VAT Cases gives us the latest tax case news
Boots Co plc v HMRC (CA – 17 December)
The CA has unanimously upheld the CA decision in favour of HMRC reported at [2009] STC 1577. A large retail company (B) operated a 'bespoke' retail scheme under VAT Regulations 1995 Reg 67. It ran several sales promotion schemes under which customers who spent at least £15 were given coupons entitling them to £5 off subsequent purchases. Initially B accounted for VAT on the full price of the original goods and the reduced price of the subsequent purchases. Subsequently HMRC agreed that B could take the coupons...
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Alan Dolton Editor of Tolley's Tax Cases and Tolley's VAT Cases gives us the latest tax case news
Boots Co plc v HMRC (CA – 17 December)
The CA has unanimously upheld the CA decision in favour of HMRC reported at [2009] STC 1577. A large retail company (B) operated a 'bespoke' retail scheme under VAT Regulations 1995 Reg 67. It ran several sales promotion schemes under which customers who spent at least £15 were given coupons entitling them to £5 off subsequent purchases. Initially B accounted for VAT on the full price of the original goods and the reduced price of the subsequent purchases. Subsequently HMRC agreed that B could take the coupons...
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:
