.png)
.png)
Following the line of supply can be critical in determining VAT liability, particularly when dealing with independent financial advisers
KEY POINTS
- Four possible ways of arranging a supply where subcontractors are used.
- Cashflow may suggest the answer but is not decisive.
- The supply – the “who does what” – is critical.
- The decisions in the Secret Hotels2 Ltd and Premier Dental Agency cases.
- The application of the rules to supplies by franchised independent financial advisers.
Some years ago I heard the punchline of a limerick delivered by Derek Nimmo on Just a Minute: “Who does what and with what and to whom?” It is also at the heart of a long line of VAT disputes: where two businesses are involved in supplying something to one customer it is essential to determine the lines of...
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
