Going into 2020, many had their eye on BlackRock, holding their breath for a fundamental shift in the VAT treatment of single supplies, but the CJEU disappointed. But only in that respect: there was a sting in the tail for the ‘SIF exemption’ that has yet to play out. Even as unexpected dicta from an earlier CJEU judgment took root in 2020 via the judgments in Mitteldeutsche Hartstein-Industrie and Vos Aannemingen BVBA. Closer to home, HMRC again raised eyebrows with Landlinx and Revenue & Customs Brief 12/2020, but perhaps not as much as the First-tier Tribunal did in Newey.
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Going into 2020, many had their eye on BlackRock, holding their breath for a fundamental shift in the VAT treatment of single supplies, but the CJEU disappointed. But only in that respect: there was a sting in the tail for the ‘SIF exemption’ that has yet to play out. Even as unexpected dicta from an earlier CJEU judgment took root in 2020 via the judgments in Mitteldeutsche Hartstein-Industrie and Vos Aannemingen BVBA. Closer to home, HMRC again raised eyebrows with Landlinx and Revenue & Customs Brief 12/2020, but perhaps not as much as the First-tier Tribunal did in Newey.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
.jpg?sfvrsn=335a554c_0 "300 x 250 (MPU)")