The VAT review for June 2024

This month’s VAT review covers the important decision of the Court of Appeal in Hotel La Tour concerning the recovery of input VAT connected with an exempt share sale. We also cover two recent CJEU decisions: in Tax Office X v Y KG (Case C-207/23) the CJEU held that goods donated to a taxable business still incur the deemed supply output VAT charge and in M-GbR v Finanzamt O (Case C-68-23) the CJEU held that the question whether vouchers are single purpose vouchers must be determined by reference to the T&Cs of the vouchers rather than how in practice they might be used. The FTT decision in Fount Construction Ltd has adopted a sensible position on how much detail a VAT invoice must contain to meet the conditions in VAT Regulations SI 1995/2518 reg 14. Finally Revenue & Customs Brief 7/24 states that from 1 September 2024 VAT...