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.

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.

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