Additional commission earned by mail order company agents

Bills of exchange pre-1 April 1996

Differences between discount/interest

Discount card and nature of consideration received for payment of fee

Excess received on discharge of promissory note

Excluded from value of supply

Goods and services

Imported goods

Generally

Imported goods, value of supply

Exclusion

Generally

Income or capital receipts, distinction

Meaning

Prompt payment

Generally

Output tax

Reclaim of overpaid tax

Tour operator

Value of supply

Value of supply direction

Retailer dividends, value of supply

Schedule D, Case VI charge

Schemes

Customer rebates and discounts

Generally

Tax treatment

Transactions, liability to tax

Travel agent for customer

Treated as interest

Value of supply

Contingent discount

Imported goods

Prompt payment discounts

Staff discounts