VAT briefing for July 2016

In Balhousie Holdings the FTT held that a sale and leaseback should be looked at as a composite transaction so that the seller did not dispose of its ‘entire interest’ in the property. In Lajvér Meliorációs Nonprofit Kft the CJEU held that a company could be carrying on an economic activity and making supplies for consideration even where it was funded by State aid and only charged modest fees for its supplies. In Friends of the Earth the FTT held that the payments made by supporters of the charity should be treated as donations not consideration for the supply of a magazine and other benefits.In Wolfgang und Dr. Wilfried Rey the CJEU held that where it is too difficult to directly attribute input VAT to a particular transaction input VAT in mixed use properties should be allocated in accordance with business turnover or...