In this month’s briefing, Lee Squires and Fiona Bantock (Hogan Lovells) examine four recent VAT cases: Larentia and Marenave, Southern Cross, Wojskowa and Property Development Company NV
In Larentia + Minerva (C-108/14) and Marenave 
Schiffahrts (C-109/14) (reported in Tax Journal 10 April 2015) the advocate general (AG) considered the VAT recovery position of holding companies. Larentia provided taxable administrative and consultancy services to its subsidiary companies for remuneration. It had claimed a deduction of the VAT it incurred in raising capital from a third party which was used to fund its acquisition of its shareholdings in those subsidiaries. Similarly 
Marenave claimed a deduction of the VAT...
