Upper Tribunal Tax and Chancery decision of Mr Justice Morgan and Judge Bishopp on 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:  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.
Release date: 15 March 2012
Ministry of Justice
HM Courts & Tribunals Service
Upper Tribunal (Tax and Chancery Chamber)
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