Page 110 - ADVANCED TAXATION - Day 1 Slides
P. 110
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
