LON (89/787 and 788)

No. 5616

Decision given 28 January 1991.

Partial exemption – Clearing bank’s special method for the calculation of input tax – Debt swaps – Whether such transactions, which were effected overseas and so zero-rated, should be excluded from the method – Value Added Tax (General) Regulations 1980 (SI 1980/1536), reg. 24.

  The issue was whether the appellant could include the value of overseas interest swaps, which were zero-rated supplies, in the total of its taxable supplies.

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.