Queen’s Bench Division (Crown Office List).

Judgment delivered 12 February 1988.

Value added tax – Exempt supplies – Finance – Credit cards – Taxpayers carried on credit and charge card businesses – Agreements entered into with cardholders and retailers authorised to accept payment by credit or charge card – Whether card companies made exempt supplies of financial services to retailers – Value Added Tax Act 1983, Sch. 6, Grp. 5, items 1, 5 and Note(4).