Category Archives: VAT

HM Treasury has published a position paper in respect of taxing the digital economy (available here) following the Chancellor’s Autumn Budget. The paper proposes that multinational groups’ profits should be taxed where value is generated. For example, a social media business generates value through users worldwide, but is only taxed where it is tax resident … Continue reading Taxing the Digital Economy: first steps by the UK

At the end of last year we highlighted important changes to the VAT rules on the cross-border supply of digital services (such as digital downloads, e-books or online gaming) to individual customers, and how, without a financial threshold above which the rules would apply, they would create a costly administrative burden for internet start-ups (our … Continue reading VAT in the Digital Single Market: is help on its way for internet start-ups?

In this update, Partner Julien Monsenego and Senior Associate Rui Cabrita of Olswang’s Paris office look at the main tax measures in the French Government’s 2014 budget bill. To view the update, click here.

In recent years the Rank Group (“Rank”) has been litigating several VAT claims based on “fiscal neutrality” arguments.  There have been many twists and turns in this litigation and the claims have proceeded through the courts in three separate strands. Each of these strands is concerned with a comparison of two types of gambling machine … Continue reading Rank Group: fiscal neutrality case remitted to the First Tier Tribunal

In the March 2010 Budget, it was announced that the government would introduce legislation, in a Finance Bill to be introduced as soon as possible in the next Parliament, to implement EU changes abolishing the Lennartz rule on VAT input tax recovery on the purchase of an interest in real property, boats and aircraft. Budget … Continue reading Abolition of Lennartz accounting confirmed – further legislation to be introduced this year

The Emissions Allowance system in the EU In January 2005, the European Union’s Greenhouse Gas Emission Trading System (“ETS”) commenced operation. ETS works on a ‘cap and trade’ basis. Under ETS each EU Member State is allocated a CO2 allowance for each year and the Member State then divides that allowance between all installations that … Continue reading VAT – Reverse charge for Emissions Allowances