Council Directive 2006/112/EC of 28 November 2006 on the common system of value added tax (c. 112)

TITLE VII U.K. TAXABLE AMOUNT

CHAPTER 4 U.K. Importation of goods

Article 87 U.K.

The taxable amount shall not include the following factors:

(a)

price reductions by way of discount for early payment;

(b)

price discounts and rebates granted to the customer and obtained by him at the time of importation.