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C&D Foods: the Good, the Bad and the Ugly

Peter Dylewski and Sarah Daley (KPMG) consider the consequences of the CJEU decision on an aborted sale that was ruled outside the scope of VAT.
 

A fistful of VAT

With the distinguished Italian film composer Ennio Morricone having recently celebrated his 90th year with a farewell concert in London it seems appropriate to revisit one of his greatest triumphs. Sergio Leone’s classic 1960s spaghetti western The Good the Bad and the Ugly punctuated by Morricone’s legendary score depicts the titular trio in a desperate treasure hunt. In the course of the movie the Good has to sever a hangman’s noose around the Ugly’s neck on several occasions to save him from death. The film culminates in a fatal three-way duel with (spoiler alert) no gold for the Bad the Good riding off into the sunset with part of the loot and...

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