108 VAT: prompt payment discounts
Finance Act 2014 (2014 c 26) | Legislation

108  VAT: prompt payment discounts

(1)     In Part 2 of Schedule 6 to VATA 1994 (valuation: special cases), for paragraph 4 (prompt payment discounts), substitute—

“4

(1)     Sub-paragraph (2) applies where—

(a)     goods or services are supplied for a consideration which is a price in money,

(b)     the terms on which those goods or services are so supplied allow a discount

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