Tax | Mercedes-Benz Financial Services wins £160m VAT appeal
The finance arm of luxury car maker, Mercedes-Benz, has won an appeal at the Upper Tribunal (UT) over whether a motor vehicle finance agreement, called ‘Agility’, was a supply of goods or services, which resulted in the timing of the payment of output tax of about £160m relating to approximately one year, writes Stan Dencher
8 May 2014