Lee Squires and Fiona Bantock identify the recent VAT developments that matter
HMRC Brief: Banca AntonianaAt the end of last year the CJEU delivered its ruling in Banca Antoniana Popolare Veneta v Ministero dell'Economia (Case C-427/10) (see ‘VAT briefing for January’ Tax Journal 27 January 2012). The facts of the case were in brief that the bank had charged VAT on its services in accordance with published rules but that the Italian tax authorities had subsequently issued retroactive guidance providing that VAT should not have been charged. The Italian courts had ordered the bank to repay the...
