VAT Update Conference


5 Jun, 2015    
All day

Event Type

Andrew Macnab and Valentina Sloane will be speaking at the MBL VAT Update Conference on 5th June 2015.

Andrew Macnab will be speaking on The “Payment Exemption” – A Review & Update:

The “payment” exemption in Article 135(1)(d) of the VAT Directive and Item 1 of Group 5 of Schedule 9 to the VAT Act 1994 continues to vex, with UK courts and the CJEU taking seemingly different approaches to its scope. This session will explore:

  • Luxembourg speaks – SDC, CSC
  • The UK responds – FDR, Bookit, Axa/Denplan, Everything Everywhere
  • Luxembourg speaks again – Axa/Denplan, Everything Everywhere, Velvet & Steel, Tierce Ladbroke, Deutsche Bank, Nordea
  • The UK responds – NEC, Way Ahead Group, DPAS
  • Next steps (?) – Bookit (again), NEC

Valentina Sloane will be speaking on Input Tax Recovery:

The principles of input tax recovery are easy to state and yet challengingly difficult to apply in practice. The issue of when input tax can be recovered has generated a raft of litigation over the past year. Every VAT practitioner needs to keep abreast of the latest developments in this core area. This session will look at:

  • Key Principles – What is actually meant by “direct and immediate link”, “cost component” and “economic use”
  • Economic activity
  • BAA and Airtours – Recovering VAT on professional services
  • Partial exemption – Lok’nStore, Volkswagen Financial Services
  • The latest cases from the CJEU

To view the full programme, please click here.