HMRC v Volkswagen Financial Services (UK) Ltd [2012] UKUT 394 (TCC) (12 November 2012)
"VAT – partial exemption special method - hire purchase transactions - taxable supplies of motor vehicles and exempt supplies of credit - whether residual cost inputs have a direct and immediate link with and are cost components of taxable supplies of motor vehicles - whether a methodology which attributes 50% of residual input tax to taxable supplies is fair and reasonable."
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