Financial Services VAT Alert Archiv 2005

Issue 16: December 2005

• Belgium: Coming soon - anti-abuse rule in Belgian VAT code
• Denmark: Partial right of VAT recovery for holding company
• Europe: Where do we stand After Andersen?
• Europe/Netherlands: Interpretation ‘management of special investment funds’ - Preliminary questions referred by Dutch Supreme Court
• Germany: Further prolongation of transitional period for VAT exemption of financial sub-intermediary services by German Federal Ministry of Finance
• Germany: New amendment rules regarding input VAT - Decree of the German Federal Ministry of Finance of 6 December 2005
• Ireland: Irish Revenue's interpretation of Kretztechnik
• Ireland: Irish Revenue issue clarification regarding the VAT treatment of Canteens
• The Netherlands: Decree on commencement date fiscal unity for VAT issued
• United Kingdom: Pre Budget announcements regarding response judgement Andersen
  
  Download: (1.426 KB, english)

• Denmark: Binding VAT Ruling
• Europe/Netherlands: ECJ ruling Levob Verzekeringen / Customised software supplied with other services is a single supply of services
• Luxembourg: Intermediaries in financial transactions: an EU-wide survey of the VAT exemption
• Luxembourg: Answer to a Parliamentary question regarding the VAT rate applicable to the purchase and maintenance of software and technical assistance
  
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• Denmark: Input VAT issuing corporate shares retroactively deductible
• Germany: Draft decree Federal Ministry regarding new rules adjustment recoverable input VAT
• Hungary Clarifications regarding rules on VAT grouping
• Ireland: VAT & Property Review
• Ireland: Irish Revenue challenge VAT treatment head office/branch charges
• Malta: Guidelines for Trusts
• Sweden: Supply of set fund portfolios in connection with Unit linked insurance VATable
• Sweden: Supreme Administrative Court case on VAT regrouping
• Slovakia: VAT exemption services to members independent groups
• United Kingdom: VAT treatment hedging transactions: Willis Pension Trustees Limited
• United Kingdom: VAT treatment of securitisations: Capital One Bank (Europe)
  
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• Opinion AG FCE Bank case: Services provided by head office to branch not a taxable transaction
  
  Download: (536 KB, english)

• Belgium: Arm's Length Principle in VAT Code
• France: Post-Andersen VAT Assessments
• Italy: Real Estate Leasing
• Italy: Real Estate Investment Trusts
• United Kingdom: Case Law - Services Connected With UK Branch Not Subject to UK VAT
• United Kingdom: Case Law - Forex Hedging Not a VAT Exempt Supply
  
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• The Opinion of AG Kokott in the Abbey National II case
  
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• Denmark: Case Law - Credit Rating Service is Ancillary to Insurance Activities Branch?
• Germany: Case Law - VAT Exemption of Advisory Services Provided by a Foreign Banking Institution for a German Investment Fund
• Romania: Implementation of the Acquis Communautaire
• United Kingdom: VAT Treatment of Securitisations
• United Kingdom: Consultation Andersens - Tax Authorities Publish Proposals for Tightening the Insurance VAT Exemption
  
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• Europe/Austria: ECJ Kretztechnik - Pro Rata Recovery of Input VAT Related to Share Issue
• Europe/Italy: ECJ Ford Credit Europe - VAT Liability for Supplies between Head Office and Branch?
• Germany: Prolongation of the Transition Period for VAT Exemption of Sub-intermediary Services
• Germany: Decree on New Partial Exemption Method for Banking Institutions
• Norway: Authorities Announce Audits in Financial Sector
  
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• The Post Andersons Environment across Europe
  
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• Belgium: Administrative Decision Confirms Belgian View on VAT Treatment of Factoring
• Germany: Case Law - VAT Treatment Trailer of Fees Paid in Addition to a Success Fee for the Distribution of Shares in Funds
• Finland: Case Law - Investment Management Out of Scope?
• Malta: Widening of scope for 13th Directive refunds
• Netherlands: ECJ Goed Wonen-case - Legitimate expectations and legal certainty does not preclude mechanism of retroactive legal effect
• Netherlands: ECJ Levob-case - Software: Supply of Goods or Service?
• United Kingdom: Business Brief concerning Andersen
  
  Download: (502 KB, english)

• Belgium: Factoring: subject to VAT, but not the "interest"
• EU: Proposal for amendment to the EC Sixth VAT Directive Submitted
• Greece: Government Introduced Amendments to VAT Rates
• Netherlands: Ministry of Finance Attempts to Fight VAT Saving Structures with Movable and Immovable Property
• Switzerland: VAT Treatment of Contributions from Shareholders to a Company
• United Kingdom: ECJ case - Principle of Prohibition of Abuse of Community Law Applicable for VAT?
  
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• Ireland: Wider Capital Goods Scheme Introduced in Finance Bill?
• Netherlands: ECJ case - Software: Supply of Goods or Service?
• United Kingdom: ECJ case - VAT Exemption for Management of Investment Funds?
• United Kingdom: ECJ case - When Does a Non-EU Supplier Have a "Fixed Establishment" in the EU?
  
  Download: (497 KB, english)

• ECJ Ruling Anderson Case: Outsourcing of Back Office Activities
  
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• Czech Republic: Opportunities (and risks) for Reverse Charge Services
• Czech Republic: Recharging Exempt Services
• France: The Finance Bill aligns the VAT treatment of SICAV’s and FCP’s. Election for VAT Can Be Revoked for Financial Services
• Italy: Exemption Ancillary Services Carried Out by Banking Consortia Reconfirmed
• Switzerland: Administrative Practice regarding Self-Supply and Real Estate was Eased
  
  Download: (671 KB, english)

• Denmark: Tax Authorities Regard Card Payment Fees as Exempt
• Finland Case Law: Service Transactions inside One Legal Entity Out of
• Scope of VAT
• Germany: Decree on Intermediary Services
• Hungary: VAT Grouping Rules
• Hungary: Assessment Creditworthiness VAT Exempt
• Luxembourg: VAT Rate Tailor Made Software Increased
• New Zealand: B2B Financial Services Zero-rated
• Norway: Tax Authorities Focus on VAT Audits
• Poland: Factoring Services in New VAT Regulations
• United Kingdom: Responses to ECJ Decision in KapHag
• United Kingdom: Debt Management Services
• United Kingdom: Financial Services Authority Statement on “Bundled”
• Brokerage Commissions
  
  Download: (725 KB, english)

• Opinion A-G Andersen case: Red Flag for Outsourcing in the Insurance Sector
  
  Download: (688 KB, english)