Supply – Time of supply – Cards offering discounts at restaurants – Cards distributed through supply chain of companies and individuals – Final distributor non-VAT registered – Identification of supply – Whether tax point created when cards first made available to Wentwalk Ltd or when supplied to end user – Value Added Tax Act 1994, s. 4, 5 and 6; Directive 77/388, the sixth VAT directive, art. 2, 5, 6, 10 and 11.
The issues were (1) identifying the nature of a supply of a card offering discounts on the price of restaurant meals and (2) the tax point of the supply.
Want to read more?
This content requires a Croner-i Tax and Accounting subscription.