In Virgin Media Ltd v HMRC [2020] UKUT 100 (TCC) (8 April 2020) the Upper Tribunal held that payment of a single advance sum for 12 months’ telephone line rental which was less than the total amounts paid on a monthly basis for an equivalent period did not amount to a ‘discount for prompt payment’.
In particular the UT decided that:
(a) the provision to a customer (a ‘saver customer’) of a fixed line telephone rental for a 12 month period for an advance payment of £120; and
(b) the provision to a customer (a ‘monthly customer’) of a fixed line telephone rental for for a monthly payment...
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In Virgin Media Ltd v HMRC [2020] UKUT 100 (TCC) (8 April 2020) the Upper Tribunal held that payment of a single advance sum for 12 months’ telephone line rental which was less than the total amounts paid on a monthly basis for an equivalent period did not amount to a ‘discount for prompt payment’.
In particular the UT decided that:
(a) the provision to a customer (a ‘saver customer’) of a fixed line telephone rental for a 12 month period for an advance payment of £120; and
(b) the provision to a customer (a ‘monthly customer’) of a fixed line telephone rental for for a monthly payment...
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:
