VAT on Credit and Debit Card Handling Referred to Europe

The First-Tier Tribunal case of Bookit Ltd was referred up to the European Court for guidance about VAT on credit and debit cards handling services, and is now working its way through the system there. The case, ECJ reference C-607/14, centres on whether tax exemption from VAT covers the transfer of funds, but without corresponding debits and credits to other accounts, and obtaining authorisation codes.

Eamon McNicholas
Tax Barrister, Accountant
http://www.EamonMcNicholas.com

About Eamon McNicholas

Tax Barrister, Accountant www.EamonMcNicholas.com
This entry was posted in Tax and Accounting News and tagged , , , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s