Case news: Debenhams Retail plc V Sun Alliance and London Assurance Company
Ross, Jonathan
Case news: Debenhams Retail plc V Sun Alliance and London Assurance Company - 2005 - Property Week 70(31) .
Discusses "Debenhams Retail plc v Sun Alliance and London Assurance Co Ltd" ([2004] EWHC 2940 (Ch), [2005] 30 EG 89(CS)). Where the parties entered into a lease in 1965, before the introduction of VAT. Under the lease D had to pay additional rent based on differing percentages of profit. The payments included purchase tax a forerunner of VAT. In 2003 D applied to the court for a declaration that turnover was not to include VAT, to which the HC agreed. On appeal the HC decided that the parties would have regarded a substitute for purchase tax as excluded from the calculation of turnover.
DEBENHAMS RETAIL PLC V SUN ALLIANCE AND THE LONDON ASSURANCE CO LTD
Case news: Debenhams Retail plc V Sun Alliance and London Assurance Company - 2005 - Property Week 70(31) .
Discusses "Debenhams Retail plc v Sun Alliance and London Assurance Co Ltd" ([2004] EWHC 2940 (Ch), [2005] 30 EG 89(CS)). Where the parties entered into a lease in 1965, before the introduction of VAT. Under the lease D had to pay additional rent based on differing percentages of profit. The payments included purchase tax a forerunner of VAT. In 2003 D applied to the court for a declaration that turnover was not to include VAT, to which the HC agreed. On appeal the HC decided that the parties would have regarded a substitute for purchase tax as excluded from the calculation of turnover.
DEBENHAMS RETAIL PLC V SUN ALLIANCE AND THE LONDON ASSURANCE CO LTD