This month’s VAT review covers the CJEU decision in Finanzamt X v Y (Case C-516/21) confirming that supplies of fixed plant and machinery ancillary to a supply of land may form part of an exempt supply of land. In Belgarska (Case C-127/22), the CJEU considered the provisions for adjusting input VAT recovery and has held that no adjustment is necessary, in principle, where goods are subsequently destroyed without use on the basis that they are obsolete. Finally, the government has reconsidered its approach to the Retained EU Law (Revocation and Reform) Bill and removed the sunset clause that would have removed all EU-derived subordinate legislation and retained direct EU legislation except that explicitly retained.
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This month’s VAT review covers the CJEU decision in Finanzamt X v Y (Case C-516/21) confirming that supplies of fixed plant and machinery ancillary to a supply of land may form part of an exempt supply of land. In Belgarska (Case C-127/22), the CJEU considered the provisions for adjusting input VAT recovery and has held that no adjustment is necessary, in principle, where goods are subsequently destroyed without use on the basis that they are obsolete. Finally, the government has reconsidered its approach to the Retained EU Law (Revocation and Reform) Bill and removed the sunset clause that would have removed all EU-derived subordinate legislation and retained direct EU legislation except that explicitly retained.
If you are not a subscriber, subscribe now to read this content.
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