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Bookit Ltd v HMRC : the decreasing scope of the VAT exemption for intermediation services

Henkow, Oskar LU (2016) In British Tax Review 2016(4). p.434-442
Abstract
On 26 May 2016 the Court of Justice of the EU (CJEU) decided Bookit Ltd v HMRC (Bookit)1 which dealt with the interpretation of the exemption for transactions concerning payments within article 135(1)(d) of the Council Directive on the common system of value added tax (the VAT Directive).2 Article 135(1)(d) of the VAT Directive provides that Member States shall exempt "transactions, including negotiation, concerning deposit and current accounts, payments, transfers, debts, cheques and other negotiable instruments, but excluding debt collection".

In this commentary the judgment itself and its implications are discussed and put in an EU VAT context. It deserves to be noted that this writer is not a UK lawyer but a European indirect... (More)
On 26 May 2016 the Court of Justice of the EU (CJEU) decided Bookit Ltd v HMRC (Bookit)1 which dealt with the interpretation of the exemption for transactions concerning payments within article 135(1)(d) of the Council Directive on the common system of value added tax (the VAT Directive).2 Article 135(1)(d) of the VAT Directive provides that Member States shall exempt "transactions, including negotiation, concerning deposit and current accounts, payments, transfers, debts, cheques and other negotiable instruments, but excluding debt collection".

In this commentary the judgment itself and its implications are discussed and put in an EU VAT context. It deserves to be noted that this writer is not a UK lawyer but a European indirect tax academic. The commentary is thus written from a EU perspective. (Less)
Please use this url to cite or link to this publication:
author
organization
publishing date
type
Contribution to journal
publication status
published
subject
keywords
EU law, exempt supplies, payment cards, payment services, VAT
in
British Tax Review
volume
2016
issue
4
pages
9 pages
publisher
Sweet & Maxwell
ISSN
0007-1870
language
English
LU publication?
yes
id
2aff37f0-df0a-4bbd-a24f-ac6f85c8dff4
date added to LUP
2016-12-22 08:54:13
date last changed
2018-11-21 21:28:26
@article{2aff37f0-df0a-4bbd-a24f-ac6f85c8dff4,
  abstract     = {{On 26 May 2016 the Court of Justice of the EU (CJEU) decided Bookit Ltd v HMRC (Bookit)1 which dealt with the interpretation of the exemption for transactions concerning payments within article 135(1)(d) of the Council Directive on the common system of value added tax (the VAT Directive).2 Article 135(1)(d) of the VAT Directive provides that Member States shall exempt "transactions, including negotiation, concerning deposit and current accounts, payments, transfers, debts, cheques and other negotiable instruments, but excluding debt collection".<br/><br/>In this commentary the judgment itself and its implications are discussed and put in an EU VAT context. It deserves to be noted that this writer is not a UK lawyer but a European indirect tax academic. The commentary is thus written from a EU perspective.}},
  author       = {{Henkow, Oskar}},
  issn         = {{0007-1870}},
  keywords     = {{EU law; exempt supplies; payment cards; payment services; VAT}},
  language     = {{eng}},
  number       = {{4}},
  pages        = {{434--442}},
  publisher    = {{Sweet & Maxwell}},
  series       = {{British Tax Review}},
  title        = {{Bookit Ltd v HMRC : the decreasing scope of the VAT exemption for intermediation services}},
  volume       = {{2016}},
  year         = {{2016}},
}