Decision given by Mr Lightman (Chairman) on 24 August 2001.
Exemption – Supplies in connection with the introduction of a credit card – Whether intermediary services within item 5 of Grp. 5 of Sch. 9 to the Value Added Tax Act 1994 – Directive 77/388, the sixth VAT directive, art. 13(B)(d).
The issue was whether services supplied by the appellant’s subsidiary under an agreement with the Bank of Scotland constituted the exempt ‘negotiation of credit’ under the sixth VAT directive or exempt ‘intermediary services’ under the corresponding UK legislation.