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ECJ C-235/19 United Biscuits (Pensions) vs. UK – AG Opinion – pension fund management services are not VAT exempted

Source Curia

Read our previous post about this case HERE

The question referred to the ECJ is if the pension fund management services that were provided by insurers and / or non-insurers qualify as VAT exempt ‘insurance transactions’.

Advocate General Pikamäe advises the court as follows:

Article 13B(a) of Sixth Council Directive 77/388/EEC of 17 May 1977 on the harmonisation of the laws of the Member States relating to turnover taxes — Common system of value added tax: uniform basis of assessment, and Article 135(1)(a) of Council Directive 2006/112/EC of 28 November 2006 on the common system of value added tax, must be interpreted as meaning that investment management services, such as those at issue in the main proceedings, supplied by a third party, do not come within the exemption provided for in those provisions.


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