The Advocate General opinion in Case C-276/18: KrakVet involved the place of supply rules for goods. The basic rule is that where goods are dispatched or transported by the supplier, the place of supply is where the place of transport begins.
Continue readingEU
5 March 2020
The Commission has launched an initiative to assess the efficiency and relevance of the TOMS scheme for tour operators and travel agents which allows them to account for VAT on their profit margin only in the Member State in which they are established. The scheme is over 40 years old and the evaluation will consider:
Continue readingCountry Specific: UK
5 March 2020
The First-tier Tribunal has held in the Virgin Media Ltd case ([2020] UKFTT 0030 (TC)) that a supplemental monthly payment handling charge was not payment for a separate exempt supply of payment handling services. Even though the charge was incurred as the customers buying media services elected not to pay by direct debit, the payment is part of the single standard-rated supply of media services.
Continue readingCountry Specific: Germany
5 March 2020
The German Federal Tax Court (dated 18 September 2019 – XI R 33/18) decided that also a share deal can fulfil the conditions of a non-taxable transfer of a going concern (TOGC).
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