In the first of a two-part article, Martin Scammell, of Ernst & Young LLP, looks at Business Brief 12/05 on tenant inducements
In the first of a two-part article Martin Scammell of Ernst & Young LLP looks at Business Brief 12/05 on tenant inducements
And so at last it came:
'Following representations from and detailed discussions with various bodies HM Revenue & Customs now accept that lease obligations to which tenants are normally bound do not constitute supplies for which inducement payments on entering leases are consideration.'
The climbdown announced in Business Brief 12/05 issued on 15 June should not have surprised anyone. It was clear enough from the ECJ judgment in Mirror Group...
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In the first of a two-part article, Martin Scammell, of Ernst & Young LLP, looks at Business Brief 12/05 on tenant inducements
In the first of a two-part article Martin Scammell of Ernst & Young LLP looks at Business Brief 12/05 on tenant inducements
And so at last it came:
'Following representations from and detailed discussions with various bodies HM Revenue & Customs now accept that lease obligations to which tenants are normally bound do not constitute supplies for which inducement payments on entering leases are consideration.'
The climbdown announced in Business Brief 12/05 issued on 15 June should not have surprised anyone. It was clear enough from the ECJ judgment in Mirror Group...
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:
