Legal News

All about that VAT—the impact of the recent Bookit and NEC cases

All about that VAT—the impact of the recent Bookit and NEC cases
Published on: 07 June 2016
Published by: LexisPSL
  • All about that VAT—the impact of the recent Bookit and NEC cases
  • Original news
  • What were these cases about?
  • What did the CJEU decide?
  • With a Court of Appeal decision in an earlier case finding that Bookit’s card handling services in that case were VAT exempt, why did the First-tier Tribunal (FTT) in this new Bookit case and the Upper Tribunal (UT) in the NEC case decide to request a preliminary ruling from the CJEU on the interpretation of the VAT exemption applicable to transactions concerning payments and transfers?
  • What effect will the CJEU’s decisions in the current Bookit case and the NEC case have on taxpayers?
  • What effect will these decisions have on HMRC’s published practice (at VATFIN2320)?
  • What of the CJEU’s preliminary observations concerning ancillary supplies?

Article summary

Tax analysis: Martin Shah, partner, and Gary Barnett, senior professional support lawyer at Simmons & Simmons, explore the ramifications of the Court of Justice of the European Union (CJEU) judgments in the recent Bookit and NEC cases concerning the VAT treatment of card processing services. or take a trial to read the full analysis.

Popular documents