- 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?
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.
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