Willis Pension Trustees Ltd v Revenue and Customs: VDT 25 Jul 2005

VDT Supply for a consideration – whether foreign exchange transactions always constitute such supplies by both parties – whether a counterparty’s profit from foreign exchange transactions is consideration for its supply – Value Added Tax Act 1994 section 5(2) – Sixth Directive Articles 2 and 11. Interpretation of the operative part of a preliminary ruling by the ECJ.

Citations:

[2005] UKVAT V19183

Links:

Bailii

VAT, European

Updated: 03 July 2022; Ref: scu.229635