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The question of whether VAT is chargeable on remuneration received by individuals hinges on a decision to be delivered by the CJEU, say Florina Parîng and Costin Manta of EY Romania
This article examines recent activity and key trends in the asset management sector in Luxembourg.
Nikoletta Merkouri of EY in Greece explains how the Supreme Administrative Court of Greece has paved the way for businesses to secure VAT recovery on expenses incurred for construction expenses on third party real estate.
Court Reference: C-353/00 This was a referral from the UK to the ECJ on whether a payment formed part of the consideration under Art 11A(1)(a) of the Sixth VAT Directive (now Article 73 of the Principal VAT Directive (2006/112) which provides: ‘… the taxable amount shall include everything which constitutes consideration obtained from the customer or a third party, including subsidies directly linked to the price of supply’. Whether a payment by the Energy Action Grants Agency (responsible for implementing the Home Energy Efficiency Scheme) to Keeping Newcastle Warm (KNW) was liable to ...
Guidance on determining the liability of the supply of goods or services effected for a consideration