Whether loan administration services (including the operation of individual loan accounts and processing payments received from borrowers) supplied by the appellant (‘Target’) to Shawbrook Bank Limited (‘Shawbrook’) (which originates and provides mortgages and loans to borrowers) are exempt from VAT pursuant to the exemption for financial services contained in article 135(1)(d) of Council Directive 2006/112/EC (the ‘Principal VAT Directive’ or ‘PVD’) implemented in UK law in Group 5, Schedule 9 of the Value Added Tax Act 1994
[2021] EWCA Civ 1043
Bailii
England and Wales
Updated: 17 September 2021; Ref: scu.665595
