Commentary

RCB/18/13 VAT—tax avoidance using offshore entities – European Court's judgment in Paul Newey (trading as Ocean Finance)

Part V16 Forms and other HMRC material

RCB/18/13 VAT—tax avoidance using offshore entities – European Court's judgment in Paul Newey (trading as Ocean Finance)

RCB/18/13 VAT—tax avoidance using offshore entities – European Court's judgment in Paul Newey (trading as Ocean Finance)

Revenue & Customs Brief, Issue 18. 9 July 2013

Purpose of this brief

This brief updates taxpayers and their advisors on the recent decision of the European Cout (CJEU) in Paul Newey (trading as Ocean Finance), Case C-653/11.

Readership

Businesses with VAT appeals affected by the European Court's decision in the Newey case, and their advisors.

The issue

Mr Newey was a loan broker, established in the United Kingdom who arranged loans by UK lenders to UK borrowers. His services were exempt from VAT and as a result he

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