Page 100 - P6 Slide Taxation - Lecture Day 5 - VAT Part 1

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