An EU ruling but one HMRC is likely to want to follow. A business operated a horse stables and training business. The contracts set out that the horse owners were liable to meet the costs of the services provided (stabling, feed, vet fees etc.) and that owners would do so by paying 50% of each horse’s winnings to the stables. The Court has ruled that although the levels of payment are uncertain, they are consideration for a taxable supply and as such taxable themselves.
Source Richard Luckin
- Join the Linkedin Group on ECJ VAT Cases, click HERE
- For an overview of ECJ cases per article of the EU VAT Directive, click HERE
Latest Posts in "European Union"
- EU Must Intensify Efforts Against Tax Fraud and Corruption, Says Chief Prosecutor
- Complex Interplay: Transfer Pricing and VAT Challenges for Multinational Corporations in the EU
- Complex Interplay: Transfer Pricing and VAT Challenges for Multinational Corporations in the EU
- German E-Commerce Group Achieves Multi-Country VAT Compliance Post-OSS Suspension with hellotax Support
- Virtual Currency Taxation: Analyzing VAT Implications in Gaming Post Case C-472/24