HMRC clarifies VAT status of inducement payments by landlords to tenants | Practical Law

HMRC clarifies VAT status of inducement payments by landlords to tenants | Practical Law

HM Revenue and Customs have finally accepted that lease obligations, to which tenants are normally bound, do not constitute supplies for which inducement payments on entering leases are consideration.

HMRC clarifies VAT status of inducement payments by landlords to tenants

Practical Law UK Legal Update 1-200-9215 (Approx. 4 pages)

HMRC clarifies VAT status of inducement payments by landlords to tenants

by NATING GROUP
Law stated as at 22 Jun 2005
HM Revenue and Customs have finally accepted that lease obligations, to which tenants are normally bound, do not constitute supplies for which inducement payments on entering leases are consideration.