Market leading insight for tax experts
View online issue

VAT briefing for May 2017

Speed read

In Investment Trust Companies, the Supreme Court has held that customers do not have a direct restitutionary remedy against HMRC for mistakenly paid VAT. In Volkswagen Financial Services, the Supreme Court has decided to make a reference to the CJEU on how the general overheads of a hire purchase business should be attributed to its taxable and exempt supplies. In Commission v Germany, AG Wathelet has issued an opinion in relation to the scope of the cost sharing exemption which differs from the recent AG opinions in DNB Banka and Aviva. HMRC has issued revised guidance on input VAT recovery by holding companies in light of recent case law, including Larentia + Minerva.

If you or your firm subscribes to Taxjournal.com, please click the login box below:

If you do not subscribe but are a registered user, please enter your details in the following boxes:

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.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
EDITOR'S PICKstar
Top