N and M Walkingshaw Limited v The Commissioners for HM Revenue and Customs: [2015] UKUT 0123 (TCC)
Upper Tribunal Tax and Chancery decision of Mr Justice Warren and Judge Sinfield on 18 March 2015.
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VAT 鈥� sale of motor car on part-exchange terms 鈥� price of part-exchange car includes 鈥榦ver-allowance鈥� 鈥� value of supply of replacement car 鈥� periods prior to 1 August 1992 鈥� s 10 VATA 1983 鈥� application of 鈥榦pen market value鈥� 鈥� whether such value of replacement car should reflect a discount on a cash sale equivalent to the amount of the over-allowance 鈥� no 鈥� appeal dismissed.
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Published 1 December 2016