In the recent case of Pertemps Ltd, the Upper Tribunal considered whether the operation of a salary sacrifice scheme was a supply for VAT purposes. The decision endorses the approach set out by the Court of Appeal in Wakefield, and it clarifies the criteria required to establish what an ‘economic activity’ is. The Upper Tribunal also provides guidance on the characterisation of the supply and the circumstances in which a supply is a service for consideration.
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In the recent case of Pertemps Ltd, the Upper Tribunal considered whether the operation of a salary sacrifice scheme was a supply for VAT purposes. The decision endorses the approach set out by the Court of Appeal in Wakefield, and it clarifies the criteria required to establish what an ‘economic activity’ is. The Upper Tribunal also provides guidance on the characterisation of the supply and the circumstances in which a supply is a service for consideration.
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: