The Commissioners for HM Revenue and Customs v Volkswagen Financial Services (UK) Limited: [2012] UKUT 394 (TCC)

Upper Tribunal Tax & Chancery decision of Mr Justice Vos and Judge Herrington on 12 November 2012.

• From: HM Courts & Tribunals Service and Upper Tribunal (Tax and Chancery Chamber)
• Published: 1 December 2016

• Category: Tax
• Release date: 12 November 2012

Read the full decision in The Commissioners for HM Revenue and Customs v Volswagen Financial Services (UK) Limited: [2012] UKUT 394 (TCC).

VAT – partial exemption special method - hire purchase transactions - taxable supplies of motor vehicles and exempt supplies of credit - whether residual cost inputs have a direct and immediate link with and are cost components of taxable supplies of motor vehicles - whether a methodology which attributes 50% of residual input tax to taxable supplies is fair and reasonable.

Published 1 December 2016