01 July 2015
UT Decision: Wilton Park Ltd & Secrets Ltd v HMRC
VAT – whether face-value vouchers issued by appellant companies constitute ‘any security for money’ within Item 1 Group 5 Schedule 9 to VATA 1994 – yes – whether services supplied by clubs in return for commission charged on redemption of vouchers are services of dealing with security for money – no – redemption of vouchers held to be part of composite taxable supply of performance facilitation services by appellants – appeals dismissed.
Andrew Hitchmough QC, instructed by Matthew Arnold & Baldwin LLP, acted for the Appellants.
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