- Court rules that VAT exemption for financial services does not apply to the sale of RuneScapecoins
- X buys and sells coins from the game RuneScape, using them as a form of payment or for extra enjoyment in the game
- Inspector imposes VAT assessment on X for applying incorrect VAT rate and margin scheme
- X argues that VAT exemption for financial services should apply, but court rules against it
- Court states that RuneScapecoins are not a legal form of payment and do not function as an alternative currency in the real world
- Margins scheme does not apply as RuneScapecoins are not physical goods
- Court upholds decision of lower court in the case
Source: taxlive.nl
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
