The Commissioners for HM Revenue and Customs v Pendragon Plc and others: [2012] UKUT 90 (TCC)

Upper Tribunal Tax and Chancery decision of Mr Justice Morgan and Judge Bishopp on 15 March 2012.

From:
HM Courts & Tribunals Service and Upper Tribunal (Tax and Chancery Chamber)
Published
1 December 2016
Category:
Tax
Release date:
15 March 2012

Read the full decision in The Commissioners for HM Revenue and Customs v 1) Pendragon Plc 2) Stripestar Limited 3) Pendragon Company Car Finance LTD 4) Pendragon Demonstrator Finance LTD 5) Pendragon Demonstrator Finance November LTD 6) Pendragon Demonstrator Sales LTD: [2012] UKUT 90 (TCC).

VALUE ADDED TAX — margin scheme for second-hand goods — arrangement by which motor dealer raised finance and became able to sell demonstrator cars within margin scheme — whether abusive — yes — appeal allowed.

Published 1 December 2016