In Nordea Pankki Suomi Oyj v Finland (ECJ Case C-350/10) the ECJ held that the exemption from VAT under Article 13B(d)(3)(5) of the EC Sixth Directive did not include ‘electronic messaging services for financial institutions’.
Why it matters: Article 13B(d) of the EC Sixth VAT Directive provides that certain supplies relating to financial services are exempt from VAT.
The ECJ held that this exemption did not extend to supplies of electronic messaging services to financial institutions.
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In Nordea Pankki Suomi Oyj v Finland (ECJ Case C-350/10) the ECJ held that the exemption from VAT under Article 13B(d)(3)(5) of the EC Sixth Directive did not include ‘electronic messaging services for financial institutions’.
Why it matters: Article 13B(d) of the EC Sixth VAT Directive provides that certain supplies relating to financial services are exempt from VAT.
The ECJ held that this exemption did not extend to supplies of electronic messaging services to financial institutions.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
