Deposit for Show Jumping Horses Not Considered VAT-Taxable Supply, Court Rules

• A company allowed an American client to train and compete with five show jumping horses for a deposit of €750,000.
• The deposit was recorded as revenue, and four horses were exported to the US.
• The tax inspector claimed this was a taxable supply and imposed a VAT assessment.
• The court ruled the horses were only provided on trial, not sold, so ownership was not transferred.
• The VAT assessment must be reduced.

Source: fiscount.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.

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