Market leading insight for tax experts
View online issue

Coinstar v HMRC

Supplies by coin machines

In Coinstar v HMRC [2016] UKFTT 610 (2 September 2016) the FTT found that services which consisted of exchanging coins for more convenient vouchers were exempt under VATA 1994 Sch 9 Group 5 item 1.

Coinstar collected customers’ sterling coins in machines in supermarkets which issued cash vouchers that could be exchanged for cash at the customer service desk or used to pay for goods at the tills. The issue was whether (as HMRC contended) the services were standard rated as a ‘coin counting service’ or exempt (as Coinstar argued) as the exchange of one form of money for another.

Agreeing with Coinstar the FTT found that the service it provided was not a coin counting service but a service of exchanging a less convenient means of exchange into a more convenient one. The tribunal observed that customers would not pay the...

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:

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 article in full.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
EDITOR'S PICKstar
Top