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
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