McMaster Stores Scotland Ltd (in receivership).  BVC 1061
Decision given 14 June 1994.
Recovery of overpaid tax – Company in receivership – Credit notes issued by receiver to concessionaire tenants – Company had previously purported to charge VAT on rent – Option to tax invalidly exercised – Tenants claimed in insolvency as unsecured creditors – Estimated dividend only 6.5p in the pound – Whether ‘decrease in consideration’ for supplies – Whether credit notes complied with procedural requirements – Value Added Tax (Accounting and Records) Regulations 1989 (SI 1989/2248), reg. 7(1).
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