Discounts
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
Generally
Imported goods, value of supply
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
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