Regency Factors PLC v The Commissioners for HM Revenue and Customs: [2020] UKUT 0357 (TCC)
Upper Tribunal Tax and Chancery decision of Mrs Justice Bacon and Judge Jonathan Cannan on 13 November 2020.
Read the full decision in
VALUE ADDED TAX – bad debt relief – s 36 VATA 1994, reg 168 VAT Regulations 1995, Articles 73 and 90 Principal VAT Directive – factoring services – when is the consideration received – requirement in reg 168 for a “refunds for bad debts account”