Lee Squires and Fiona Bantock identify the recent developments in VAT that matter.
Vouchers: LebaraOn 3 May the CJEU gave judgment in Lebara v HMRC (Case C-520/10). Lebara sold phonecards to distributors which were resident in other EU Member States which in turn resold the phonecards (in their own name and on their own behalf) to end users in those Member States. The CJEU was asked to decide how VAT should be applied to the distribution chain. The UK had taken the view that Lebara made two supplies: one to the distributor at the time of the sale of...
