Hire purchase (HP) providers will find that the judgement of the Court of Justice of the European Union (CJEU) in the case of Volkswagen Financial Services (UK) Ltd: C-153/17 interesting.
The case deals with the right of recoverability of VAT incurred on ‘overhead’ costs by HP businesses and also provides guidance on the type of method to be used to determine the recoverable proportion of the residual input tax incurred by these businesses.
Source: PwC Malta
Latest Posts in "European Union"
- EU Refers Spain to Court for Failing to Transpose VAT Directives into National Law
- EU Refers Spain to CJEU Over Failure to Transpose Two Key VAT Directives
- EU Court Rules VAT Applies to In-Game Asset Sales; Not Exempt as Financial Services
- ECJ Rules VAT Applies to Trading In-Game Assets for Real Money, In-Game Gold Not Exempt
- EN 16931 update: the next step in e-invoicing is on its way
