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
