BB/12B/05 VAT—clarification of the VAT position of share issues following the ECJ decision in KretztechnikBusiness Brief, Issue 12. 15 June 2005This Business Brief article is an update on HM Revenue & Customs' position on the VAT treatment of share issues and subsequent input tax recovery, following the decision in Kretztechnik A.G. -v- Finanzamt Linz (Case C-465/03) (Part V11).The decisionOn 26 May 2005, the European Court of Justice (ECJ) gave its judgment in Kretztechnik (Part V11). The ECJ had been asked to rule upon whether or not a first issue of shares by a public limited company is a supply
Business Brief, Issue 12. 15 June 2005
This Business Brief article is an update on HM Revenue & Customs' position on the VAT treatment of share issues and subsequent input tax recovery, following the decision in Kretztechnik A.G. -v- Finanzamt Linz (Case C-465/03) (Part V11).
On 26 May 2005, the European Court of Justice (ECJ) gave its judgment in Kretztechnik (Part V11). The ECJ had been asked to rule upon whether or not a first issue of shares by a public limited company is a supply
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