Page 29 - F6 Slide - VAT Part 3 - Lecture Day 5

Special Rules – Instalment Credit

Agreements

Instalment credit agreements

Value of the supply Time of the supply

Why?

Cash sale value (excl interest) Earlier of

• Payment

• Delivery

Exception

If the buyer has the right to return the

goods within a certain time

Then time of supply is when 'cooling-

off' period of 5 days has expired