Case news: Debenhams Retail plc V Sun Alliance and London Assurance Company
Language: English Series: Property Week ; 70(31)Publication details: 2005Subject(s): Summary: 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.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L130497 (Browse shelf(Opens below)) | 1 | Available | 130497-1001 |
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.