The WLR Daily case summaries
[2023] WLR(D) 421
Supreme Court
Target Group Ltd
v
Revenue and Customs Comrs
[2023] UKSC 35
2023 July 12; 13;
Oct 11
Lord Reed PSC, Lord Lloyd-Jones, Lord Sales, Lord Hamblen, Lady Rose JJSC
Revenue— Value added tax— Exemptions— Transactions concerning “payments, transfers, debts”— Taxpayer company providing service administering loans issued by bank to customers— Taxpayer inputting information automatically resulting in payment from customer’s account to bank’s account via BACS system— Whether transactions concerning “payments” or “transfers”— Taxpayer inputting entries into customer’s loan account with bank recording debits and credits— Whether transactions concerning “debts”—
Council Directive 2006/112/EC, art 135(1)(d)