The sums not connected to any supply of goods or provision of services, which only fulfill a compensatory function , are excluded from VAT pursuant to art. 15 paragraph 1 no. 1 of Presidential Decree 633/72, in the absence of the objective prerequisite. This, in summary, is the principle contained in the response to question no. 588, published yesterday by the Revenue Agency.
Source Eutekne
See also
- C-277/05 (Société thermale d’Eugénie-Les-Bains) – Reservation for an accomodation was outside scope of VAT
- C-270/09 (MacDonald Resorts) – Sale of contractual rights that can be converted into rights of temporary use of holiday accommodation
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