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FTT: EMERCHANTPAY Ltd – Whether supplies made by the Appellant are properly categorised as financial intermediation

VAT. Whether supplies made by the Appellant are properly categorised as financial intermediation and, therefore, exempt under Item 5, Group 5 of Schedule 9 to the Value Added Tax Act 1994. Volker Ludwig v Finanzamt Luckenwalde (Case C-453/05) & CSC Financial Services [2001] ECRI-10237 considered. Held: the Appellant’s supplies are exempt.

Source: bailii.org

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