European Commission v United Kingdom of Great Britain and Northern Ireland

In European Commission v United Kingdom of Great Britain and Northern Ireland (Case C‑276/19) (14 May 2020) the CJEU held that by making certain changes to the scope of the VAT (Terminal Markets Order) SI 1973/173 without applying for authorisation from the European Commission the UK had failed to fulfil its obligations under the EU VAT Directive 2006/112/EC.

The Terminal Markets Order (TMO) broadly provides for the zero-rating of supplies in the course of dealings on certain ‘terminal markets’. The Order has been amended on several occasions to introduce new simplification measures extending zero-rating and exceptions to the normal requirement to keep VAT records.

Between 1980 and 1999 the list of markets covered by the TMO was amended to include: the London Potato Futures Market; the International Petroleum Exchange of London; the London Meat Futures Market; the London Platinum and Palladium Market; the London Securities...

If you are not a subscriber, subscribe now to read this content.

If you are already a subscriber, sign in

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.

Once you have registered, you will receive an email directing you back to read this article in full.