The Commissioners for HM Revenue and Customs v Volkswagen Financial Services (UK) Limited: [2012] UKUT 394 (TCC)

Upper Tribunal Tax & Chancery decision of Mr Justice Vos and Judge Herrington on 12 November 2012.

Read the full decision in The Commissioners for HM Revenue and Customs v Volswagen Financial Services (UK) Limited: [2012] UKUT 394 (TCC).

VAT – partial exemption special method - hire purchase transactions - taxable supplies of motor vehicles and exempt supplies of credit - whether residual cost inputs have a direct and immediate link with and are cost components of taxable supplies of motor vehicles - whether a methodology which attributes 50% of residual input tax to taxable supplies is fair and reasonable.

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