Customs and Excise Commissioners v Electronic Data Systems Ltd.  BVC 451
 EWCA Civ 492.
Court of Appeal (Civil Division).
Peter Gibson, Potter and Jonathan Parker L JJ.
Judgment delivered 11 April 2003.
Value added tax – Supply – Exemption – Taxpayer supplied loan facilities on behalf of bank to its customers – Whether supplies exempt from VAT as ‘granting of credit’ – Whether supplies were transactions, including negotiation, concerning accounts, payments, transfers and debts – Whether supply of insurance services separate exempt supply – Council Directive 77/388, art. 13(B)(a), (d)(1), (3).