Browsing Tag VAT
Hiring of means of transport. The Court of Justice rules on the determination of the point of reference for tax purposes
The act of making a vehicle forming part of the business’ assets of a taxable person available to one of its employees does not fall within the scope of Article 56(2) of Directive 2006/112/EC if that transaction does not constitute a supply of services for consideration. By contrast, the article applies if that employee has a permanent right to use that vehicle for private purposes and to exclude other persons from using it, in exchange for rent and for an agreed period of more than 30 days.
The European Commission has started infringement procedures against Italy and the UK on tax breaks for yachts and aircraft
Following the Paradise Papers’ leaks, the European Commission pursues its policy of fighting tax avoidance in the yacht and aircraft sectors. Three different infringement procedures regarding the levying of VAT on yachts and aircrafts are ongoing, two against Italy and one against the United Kingdom.