cases of Larentia + Minerva mbH & Co AG and Marenave Schiffahrts AG (C-108/14 and C-109/14) CJEU judgment dated 16 July 2015 (Larentia) are just the latest in a long line of cases about VAT recovery by holding companies and the appropriate method of apportionment. To marginalise Larentia in that way however ignores how the landscape has altered dramatically over the years. The case represents a further seismic shift. It requires a reassessment of earlier case law and the strict approach taken by tax authorities particularly in the UK.
