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VAT & Energy Trading: Finance Industry Issues

 
Kendra Hann Partner and Gary Campbell Senior Manager Deloitte outline the main VAT implications of trading on the energy markets
 
In the past couple of years there has been significant growth in the global energy markets. Increased deregulation and the denationalisation of continental European power and gas companies surging oil and metal prices (led by demand from China India and other growing economies) and a whole raft of new products related to the reduction of carbon-based emissions have made the energy sector an attractive proposition particularly when compared to the current sluggish state of the global equity markets. As a result many banks and hedge funds are significantly increasing their activity in these markets or indeed are entering them for the first...

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