VAT treatment of certain factoring commissions confirmed
The CJEU confirmed that a factoring commission does fall within the scope of VAT, but is not necessarily to be viewed as an exempt financial service even though its amount is based on the length of the debt's term and the level of risk assumed by the factor.
New draft VAT legislation reshapes the place of supply rules for virtual streaming services and the rules applicable to the (re)sale of works of art
The Belgian government has tabled a draft bill (belatedly) implementing Council Directive (EU) 2022/542 as regards the place of supply for virtual streaming services and the (re)sale of works of art, collectors’ items and antiques.
VAT Recovery Denied on Surrender of Option Agreement
Irish Revenue Commissioner determines that VAT recovery hinges on what you do, not what you plan. If your activity is VAT-exempt at the time of cost, future intentions won’t save your input credit.
International transport: extended VAT non-taxability for sub-carriers
A forthcoming legislative decree, recently approved by the Italian Government, aims to bring Italian VAT rules in line with EU case law, extending the VAT exempt regime for international transport services to intermediaries and subcontractors — a major shift from the restrictive approach adopted to date by the Italian Tax Authority.
Spanish Supreme Court reinforces the principle of full regularisation in VAT matters
The Supreme Court held that if the Spanish Tax Authorities deny input VAT recovery, they are required to also determine within the same procedure whether the taxpayer is eligible for a refund for incorrectly charged VAT, without requiring a separate refund process.
UK HC confirms HMRC should consider allowing input VAT recovery on robust alternative evidence—even where no VAT invoice exists
The High Court has ruled HMRC cannot rigidly deny input VAT recovery solely for missing invoices. Where businesses provide strong alternative evidence and take reasonable steps, HMRC must exercise discretion fairly. This landmark decision reinforces VAT neutrality and offers clarity for sectors facing practical invoicing challenges.