MAN (89/180)

No. 4546

Decision given 31 January 1990.

Reclaim of overpaid tax – Prompt payment discount – Discount allowed despite late payment – Tax paid on full value by mistake later reclaimed – Proper procedure not complied with – Reclaim wrong – Value Added Tax Act 1983, Sch. 4. para. 4(1) – Notice No. 700, para. 69 (1987 edition).

  The issue was whether tax overpaid could be reclaimed. The overpayment arose because tax was accounted for on the full price of goods for which a prompt payment discount had been allowed.

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