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How is the CJEU construing the fund management VAT exemption in light of digitalisation and outsourcing? – Part 1

In this article, which is divided in two parts, the authors consider two judgments from the Court of Justice of the European Union (CJEU) in respect of the VAT exemption for the management of funds. In particular, the authors examine how these judgments deal with the issue of digitalisation and outsourcing. Part 1 of this article provides an overview of the Blackrock case. Part 2 reviews the DBKAG case and reflects on the impact that these decisions are likely to have on businesses.



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