No credit for VAT on incentive
No credit for VAT on incentive
- 1997
- Times 3 July 1997, 47(1) .
"C&EC v Redrow Group Plc" CA 9June 1997. Appeal allowed by the C&EC against a decision in favour of the taxpayer company (R). R paid the fees of estate agents who sold the existing homes of prospective purchasers as part of a sales incentive. R was not entitled to recover as an input tax credit the VAT paid on the estate agent`s fees.
CUSTOMS AND EXCISE COMMISSIONERS V REDROW GROUP PLC
ESTATE AGENTS
FEES
SALES INCENTIVE
VALUE ADDED TAX
"C&EC v Redrow Group Plc" CA 9June 1997. Appeal allowed by the C&EC against a decision in favour of the taxpayer company (R). R paid the fees of estate agents who sold the existing homes of prospective purchasers as part of a sales incentive. R was not entitled to recover as an input tax credit the VAT paid on the estate agent`s fees.
CUSTOMS AND EXCISE COMMISSIONERS V REDROW GROUP PLC
ESTATE AGENTS
FEES
SALES INCENTIVE
VALUE ADDED TAX