VATupdate
VAT

ECJ – Provision of fuel card scheme can qualify as VAT exempt pre-financing activity

On 15 May 2019, the Court of Justice of the European Union (CJEU) delivered its judgment in Vega International Car Transport and Logistic (Case C-235/18), which centred on the question of whether the supply of a fuel card scheme should be treated as a VAT taxable supply of fuel or as a VAT exempt supply of pre-financing services.

Source Baker & McKenzie