The Weekly Law Reports
[1988] 3 WLR 500
[QUEEN'S BENCH DIVISION]
CUSTOMS AND EXCISE COMMISSIONERS
v.
FAITH CONSTRUCTION LTD.
1987 Oct 28
Nov. 6
Nov. 6
Simon Brown J.
Revenue— Value added tax— Tax avoidance— Building contract for works of alteration— Costs assessed on basis services zero rated— Legislative change from zero to standard rating— Agreement for payment of costs before legislation coming into effect— Costs paid and builder lending equivalent sum to employer— Whether transaction having commercial or business purpose— Whether transaction to be disregarded for purposes of tax