Queen’s Bench Division (Crown Office List).

Sedley J.

Judgment delivered 24 January 1997.

Value added tax – Exemption for credit – Arrangements for granting credit – Arrangement by taxpayer with financial institution for advantageous credit card facilities to be granted to its members – Association to receive commission for introducing members to the scheme – Value Added Tax Act 1983, Sch. 6, Grp. 5, item 2 and 5 (Value Added Tax Act 1994, Sch. 9, Grp. 5, item 2 and 5); Sixth VAT directive (Directive 77/388) of 17 May 1977 (OJ 1977 L145/1), art. 13(B)(d)1.

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