Council Directive 2006/112/ECShow full title

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

Article 87U.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.