MAN (93/784)

No. 12,445

Decision given 11 July 1994.

Supply – Characterisation of supply – Exemption – Finance – Making arrangements for advance or granting credit – Whether consideration related to two separate supplies – Identity of supply made in return for arrangement fee – Input tax – Whether attributable to single exempt supply or separate standard-rated supply – Value Added Tax Act 1983, s. 2, 5(1), 15(3) and 17(1); Sch. 6, Grp. 5, item 2 and 5; Directive 77/388, the sixth VAT directive, art. 13(B)(d).

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