Advocate General Ettema concludes that the VAT exemption for means of payment does not apply to the supply of gold coins by X. The gold coins do not meet the conditions for the VAT exemption for means of payment. The exemption only applies when non-traditional currencies are accepted as an alternative means of payment to legal tender and have no purpose other than to be used as a means of payment. The AG advises the Supreme Court to dismiss X’s appeal as unfounded.
Source Taxlive
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