NO NEW VAT ON SPECTACLES (UK ONLY)

The Customs and Excise Office in the UK have again lost a claim to have VAT(Value Added Tax) added to the cost of Spectacles in the UK. This is the third time that the Customs and Excise Office have lost battles in the courts regarding the controversial imposition of VAT on spectacles. The recent Court Battle came about because of a recent ruling in the House Of Lords, which made Credit Card Transactions relating to certain Goods a single Transaction. The Customs and Excise Office then mounted a claim against Opticians who are eligible for Partial exemption of VAT on Spectacles because the Dispensing Element of Sale of spectacles is VAT Exempt.
The Customs and Excise office are to decide over the next few weeks whether the mount an appeal, However VAT experts say this is unlikely due the History of the Office losing the same Battle three times previously.


     Listing # 21/DEC/2001



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