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The Gold at the End of the Rainbow

Michael Conlon QC of Pump Court Tax Chambers explains how Community law can lead to rich rewards in the field of VAT
The primary source of Community law is the Treaties 1 at the core of which lie the power and energy of the European Union (EU). From the Treaties which may be likened to the sun at the centre of the universe radiate the legislative acts principally regulations and directives. Regulations are binding in their entirety and directly applicable in all Member States.2 Directives similarly are binding as to the result to be achieved but require transposition into domestic law.3 Certain provisions of a directive however may have 'direct effect' by creating rights for individuals. The European Court of Justice (ECJ) gives preliminary rulings on the interpretation...

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