From: "Sebastian Kinnaird" 
Newsgroups: uk.finance
Subject: Re: UK VAT fiddle closed
Date: Thu, 21 Jul 2005 08:12:32 +0100

Jonathan Bryce wrote:
> Ronald Raygun wrote:
>
>> What the courts are now saying, I think, is that in future such a
>> supply of finacial service specifically attaching to a sale will
>> not be exempt.
>
> Past sales as well.  They have lots of overdue unpaid tax to cough up.

From recollection, Debenhams have already paid the relevant tax - they just 
kept tabs on what HMCE/HMRC 'owed' them should the courts find in their 
favour.  This from a BBC News article IIRC - I'll post the link if I find 
it.

Seb
-- 
Sebastian Kinnaird