Tax Journal VAT Briefing for April 2019
Simmons & Simmons monthly contribution to Tax Journal analysing recent VAT developments.
This article was first published in the 05 April 2019 edition of Tax Journal who have agreed to Simmons & Simmons making it available on elexica.
This month’s briefing covers decisions from both the UK Supreme Court and the CJEU on the scope of the exemption for education. These decisions indicate that the concept of ‘education’ may be limited but that the exemption should not be narrowly applied depending on who provides such education. There have also been cases on the attribution of marketing spend by partially exempt businesses and whether the Ramsay approach of considering a composite transaction as a whole has any relevance to VAT. Finally, HMRC has provided new guidance on VAT grouping involving overseas elements and on the correct VAT treatment of leasing contracts containing an option to purchase the relevant asset on payment of a substantial final instalment.
The VAT Briefing for April 2019 can be read here.
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