VAT news tagged as "VAT Directive"


EU ECJ VAT invoice requirements

September 20th, 2016

The European Court of Justice has ruled that VAT invoices need only meet the substantive requirements of the VAT Directive for entitlement to VAT recovery. The case, Barlis 06 (C-516/14), concerned an invoice for legal services to a Portuguese hotel chain. The description of the services was vague, and the dates of ongoing consulting unclear. …


EU VAT rulings disappoints

July 23rd, 2016

The EU VAT Cross-Border Rulings scheme continues to show a disappointing take-up. The scheme is operated by seven member states, and provided answers to companies on cross-border VAT questions. It started three years ago in 2013 and is scheduled to continue until September 2018. The number of questions since its launch is as follows: 2013: …

United Kingdom

UK Conservative Clubs face VAT bill

April 9th, 2016

UK Conservative Clubs (Club), associated with the UK Conservative Party, have lost a key test VAT case that could see them facing a tax bill running into hundreds of thousands of pounds. The UK’s First Tier Tribunal (FTT) court has ruled that the Clubs do not have ‘political aims’ that entitle them to a VAT …


EU Advocate General says bitcoin VAT exempt

July 17th, 2015

The EU’s Advocate General opined on 16 July 2015 that digital currencies, such as bitcoin, should be considered a method of payment, and therefore exempt from EU Value Added Tax. The opinion should provide guidance for member states which had differed in their VAT treatment of the emerging virtual currencies, and had asked for official guidance. Countries …


Germany challenged by EU to extend VAT exemption

March 1st, 2015

The European Commission has challenged Germany to extend the VAT exemption on group shared services to all industries. Group VAT exemptions allow related companies to forego charging VAT on intra-group transactions to help reduce cash-flow and administrative burdens. At present, the EU VAT Directive permits such schemes in member countries irrespective of the industry. Such …


Sweden proposes levying VAT on banking and insurance

May 26th, 2014

The first draft discussions of the Swedish 2015 budget issued last week contains a controversial proposal to withdraw the Swedish VAT exemption on financial services. Currently, all other 27 EU member states do not charge VAT on this sector. This move would challenge a proposal by other 11 other EU member states looking to introduce …