Mercedes-Benz Financial Services v HMRC [2014]

Facts

  • Mercedes-Benz Financial Services dealt in finance leases, where cars were ‘rented’ for a period of time, before being returned

Issue

  • Were the leases taxable as goods?

Decision

  • No

Reasoning

  • Customers were unable to retain buy real xanax online their cars upon the expiry of the finance leases, meaning that they were not goods
  • Mercedes therefore did not have to pay an extra £160 million in tax
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Posted in Commercial Law Revision Notes.

This page was last updated on 30th December 2014

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