The decisions in TP, Bolt and Realreed and consultation responses on the VAT exemption for fund management and energy saving materials are reviewed by Joao Martinho and Gary Barnett (Simmons & Simmons).
VAT and directors’ fees
In TP v Administration de l’Enregistrement des Domaines et de la TVA (Case C‑288/22) the CJEU held that a member of a board of directors does not carry out an economic activity independent of the company of which it is a board member and accordingly is not required to charge and account for VAT on their fees.
In Luxembourg a member of a board of directors is required to charge and account for VAT. TP a lawyer was a member of the board of directors of several companies in Luxembourg. TP argued that his remuneration as a member of the board of directors was not subject...
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The decisions in TP, Bolt and Realreed and consultation responses on the VAT exemption for fund management and energy saving materials are reviewed by Joao Martinho and Gary Barnett (Simmons & Simmons).
VAT and directors’ fees
In TP v Administration de l’Enregistrement des Domaines et de la TVA (Case C‑288/22) the CJEU held that a member of a board of directors does not carry out an economic activity independent of the company of which it is a board member and accordingly is not required to charge and account for VAT on their fees.
In Luxembourg a member of a board of directors is required to charge and account for VAT. TP a lawyer was a member of the board of directors of several companies in Luxembourg. TP argued that his remuneration as a member of the board of directors was not subject...
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:
