LON (91/2658)

No. 10177

Decision given 31 March 1993.

Supply – Time of supply – Advance payment for theatre tickets – Theatre holding moneys on trust pending the actual performance – Theatre not obliged to account for interest earned – Whether ‘payment’ had the effect of bringing forward the tax point – Value Added Tax Act 1983, sec. 5(1).

  The issue was whether there was a taxable supply at the time when payment was made in advance for a theatre performance or at the time the performance took place.

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