Customs and Excise Commissioners v UBAF Bank Ltd.  BVC 69
Queen’s Bench Division (Crown Office List).
Macpherson of Cluny J.
Judgment delivered 2 December 1994.
Value added tax – Partial exemption – Method of attribution of input tax between taxable and non-taxable supplies – Special method agreed with Customs – Whether special method applied to professional fees incurred in bank’s acquisition of leasing companies to expand its leasing business – Whether purpose of acquisition to use the acquired companies for making taxable supplies of leasing – Value Added Tax Act 1983, s. 14(3) (Value Added Tax Act 1994, s. 24(3)) – Value Added Tax (General) Regulations 1985 (SI 1985/886), reg. 30(1)(b), (5).