United Kingdom Upper Tribunal (Tax and Chancery Chamber)

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You are here: BAILII >> Databases >> United Kingdom Upper Tribunal (Tax and Chancery Chamber) >> N & M Walkingshaw Ltd v Revenue & Customs [2015] UKUT 123 (TCC) (18 March 2015)
URL: http://www.bailii.org/uk/cases/UKUT/TCC/2015/123.html
Cite as: [2015] UKUT 123 (TCC), [2015] BVC 511, [2015] STC 1620

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N & M Walkingshaw Ltd v Revenue & Customs [2015] UKUT 123 (TCC) (18 March 2015)

VAT – sale of motor car on part-exchange terms – price of part-exchange car includes ‘over-allowance’ – value of supply of replacement car – periods prior to 1 August 1992 – s 10 VATA 1983 – application of ‘open market value’ – whether such value of replacement car should reflect a discount on a cash sale equivalent to the amount of the over-allowance – no – appeal dismissed

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