VATA 1994, Sch 9, Group 5, Items 3, 4, and 5—scope of the exemption
Exemption is extended to:
- Ìý
(1)ÌýÌýÌýÌý the provision of the facility of instalment credit finance in a hire-purchase, conditional sale or credit sale agreement for which facility a separate charge is made and disclosed to the recipient of the supply of goods1
- Ìý
(2)ÌýÌýÌýÌý the provision of administrative arrangements and documentation and the transfer of title to goods in connection with the supply described in head 1 if the total consideration therefor is specified in the agreement and does not exceed £102, and
- Ìý
(3)ÌýÌýÌýÌý the provision of intermediary services in relation to the above by a person acting in an intermediary capacity3
Activities within the exemption
HMRC defines hire-purchase, conditional sale and credit sale as follows4:
- Ìý
•ÌýÌýÌýÌý Conditional sale: consideration is payable by instalments and the goods remain the property of the seller until the full
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