Directive 2006/112/EC – Article 56(1)(e) – Article 135(1)(f) and (g) – Exemption for transactions relating to the management of securities-based assets (portfolio management)
Sharpston AG said: ‘ in connection with exemptions, fiscal neutrality ‘is not a fundamental principle or a rule of primary law which can condition the validity of an exemption but a principle of interpretation, to be applied concurrently with – and as a limitation on – the principle of strict interpretation of exemptions’.’
Judges:
J.N. Cunha Rodrigues, P
Citations:
[2012] EUECJ C-44/11, [2012] STC 1951, [2012] STI 2731
Links:
Jurisdiction:
England and Wales
Cited by:
Cited – Airtours Holidays Transport Ltd v Revenue and Customs SC 11-May-2016
The court was asked whether the appellant, Airtours Holidays Transport Ltd (formerly MyTravel Group plc), was entitled to recover, by way of input tax VAT charged by PricewaterhouseCoopers LLP in respect of services provided by PwC and paid for by . .
Lists of cited by and citing cases may be incomplete.
VAT
Updated: 22 April 2022; Ref: scu.616746