The VAT review for August 2021

This month’s VAT review covers three important CJEU cases. DBKAG provides some important clarifications on the scope of the exemption for the management of SIFs especially in the context of outsourced services. Rádio Popular confirms that sales of warranty extensions by retailers falls within the exemption from VAT for insurance related transactions but gives rise to an input VAT restriction. And in Zipvit the AG has opined that in the context of the mutual mistaken VAT treatment of a supply it is essential that a trader holds a valid invoice showing VAT charged in order to have a right to recover that VAT. In the domestic courts the Court of Appeal has confirmed that there was no direct and immediate link between production costs borne by the Royal Opera House and supplies of catering made to people attending its shows and in Target...