In Brightsolid Online Technology Ltd v HMRC [2014] UKFTT 1040 (13 November 2014) the FTT found that the right to access various websites was not a face value voucher.
Brightsolid offered access to genealogy websites either by way of subscription or on a pay as you go basis. A lump sum was paid for which vouchers were issued giving opportunities to download information; these had to be used within a certain time. Brightsolid was appealing for a repayment of VAT on vouchers which had not been redeemed within the time limit. It contended that the vouchers were ‘face value’ vouchers for the purpose of VATA 1994 Sch 10A para 1 and that therefore no supply had taken place at the time of their issue.
Agreeing with HMRC the FTT found that customers purchased a package including the means to access the websites as...
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In Brightsolid Online Technology Ltd v HMRC [2014] UKFTT 1040 (13 November 2014) the FTT found that the right to access various websites was not a face value voucher.
Brightsolid offered access to genealogy websites either by way of subscription or on a pay as you go basis. A lump sum was paid for which vouchers were issued giving opportunities to download information; these had to be used within a certain time. Brightsolid was appealing for a repayment of VAT on vouchers which had not been redeemed within the time limit. It contended that the vouchers were ‘face value’ vouchers for the purpose of VATA 1994 Sch 10A para 1 and that therefore no supply had taken place at the time of their issue.
Agreeing with HMRC the FTT found that customers purchased a package including the means to access the websites as...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
