LON (91/546)

No. 7152

Decision given 24 February 1992.

Supply – Transfer of part of business assets – Gift of goods made in the course or furtherance of business – Whether consideration for handing over of goods – Value Added Tax Act 1983, Sch. 2, para. 5.

  The issue was whether, as the commissioners contended, output tax was chargeable on the market value of goods and vouchers as being supplied as inducements or were simply gifts.

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