Lee Squires and Fiona Bantock (Hogan Lovells) report the latest VAT developments that matter.
Pavlína Bastova: supply of services for consideration
In Odvolací finanční ředitelství v Pavlína Baštová (Case C-432/15) (reported in Tax Journal 18 November 2016) the CJEU considered the VAT treatment of a taxpayer who operated a horse racing stables. Ms Baštová earned two types of income:
prizes obtained by her own horses for being placed in races and the trainer’s share of prizes won by other horses; and
income from operating the racing stables consisting of payments for training stabling and feeding horses.
She claimed the right to full deduction of the input VAT she incurred both in relation to her own horses and those of other owners. She also declared output VAT on the service of operating racing stables at...
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Lee Squires and Fiona Bantock (Hogan Lovells) report the latest VAT developments that matter.
Pavlína Bastova: supply of services for consideration
In Odvolací finanční ředitelství v Pavlína Baštová (Case C-432/15) (reported in Tax Journal 18 November 2016) the CJEU considered the VAT treatment of a taxpayer who operated a horse racing stables. Ms Baštová earned two types of income:
prizes obtained by her own horses for being placed in races and the trainer’s share of prizes won by other horses; and
income from operating the racing stables consisting of payments for training stabling and feeding horses.
She claimed the right to full deduction of the input VAT she incurred both in relation to her own horses and those of other owners. She also declared output VAT on the service of operating racing stables at...
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:
