Mike Arnold FTII VAT partner in the PricewaterhouseCoopers' Real Estate Tax team explores some recent and not so recent case law to see whether we have a clear view on when a tenant makes a supply to a landlord when negotiating a new lease deal
We all know a supply when we see one don't we? Well we think we do and Customs can see supplies all over the place particularly it would seem when the recipient of it has some difficulty recovering VAT. Unfortunately the courts seem to have found some support for Customs in that pursuit. But are they right? Whatever happened to a bargain at arm's length?
If something is not a supply of goods and is done...
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Mike Arnold FTII VAT partner in the PricewaterhouseCoopers' Real Estate Tax team explores some recent and not so recent case law to see whether we have a clear view on when a tenant makes a supply to a landlord when negotiating a new lease deal
We all know a supply when we see one don't we? Well we think we do and Customs can see supplies all over the place particularly it would seem when the recipient of it has some difficulty recovering VAT. Unfortunately the courts seem to have found some support for Customs in that pursuit. But are they right? Whatever happened to a bargain at arm's length?
If something is not a supply of goods and is done...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
.jpg?sfvrsn=335a554c_0 "300 x 250 (MPU)")