VAT news tagged as "European Court of Justice"


Poland 1% bitcoin sales tax

April 14th, 2018

The Polish Finance Ministry has made all bitcoin trades subject to a 1% turnover tax. The tax, Podatek od czynności cywilnoprawnych, is a limited financial transaction tax on certain loans and mortgages. Under EU VAT rules, following an ECJ ruling, cryptocurrencies are treated as a private currency and therefore not subject to VAT on trades. …


EU VAT on outsourced banking services

March 26th, 2018

A new outsourced financial services tax case, reviewing the VAT exemption on outsourced bank support services, has been sent to the European Court of Justice for consideration by the German courts. The outcome may be large, irrecoverable tax charges for banks that have outsourced ancillary back-office administrative services. Financial services, including banking and insurance, is exempt …


EU fails to agree on e-Book reduced VAT

June 16th, 2017

On 16 June the EU’s Economic and Financial Affairs Council (ECOFIN) failed to reach agreement on reducing VAT rates on e-books to match printed books.  The Czech Republic objected to the measure.  The lack of a resolution comes after years of seeking to grant e-Books a tax subsidy and boost reading. e-Books at standard VAT rates …

United Kingdom

Gibraltar loses tax ruling at EU

June 13th, 2017

The European Court of Justice (ECJ) has today ruled against Gibraltar’s appeal to have it exempted from the UK’s 15% gambling tax.  This set-back for the island’s burgeoning offshore gambling sector will add to Brexit worries and long term loss of EU access for other key areas for the territory, such as financial services. Gibraltar …


EU ECJ no to e-book reduced VAT

March 7th, 2017

The European Court of Justice has today ruled (Case C-390/15) that e-books are not entitled to the same reduced EU VAT rates as printed books. The court held that having differing rates was not discriminatory, and that the EU Parliament did not need to be consulted on the issue.  Currently, only printed books are included …