Tax - News .com: Court reached the surprise decision VAT

New network todayThis source is published every day with new content or update selected from across our network. For a list of sites in the network, with many offering daily news, see below.14/09 Labuan, offshore investors feature providing tax essential news and information for artists in the mobile world, entrepreneurs, contractors, professional, small businesses, sportsmen and artists.Portal network Lowtax: 'Low-tax' business and investment in instances of the top 50 in exceptional detail covered.Tax News: tax global news continuously updated by the day.Law & Tax News: data Daily new and substantive tax and legal developments on International Affairs.Offshore-e-com: a topical guide to e-commerce in the offshore focused on regulation and tax.Lowtax library: one of the largest and most authorities business and investment sources of information from the web, the.Tax US network: the taxation of the U.S. online free information resource covering: tax on corporations, tax, international tax, expatriate, sales and e-commerce tax tax investment.New! Personal business income tax guide: creating tax essential news and information on businesses for entrepreneurs, contractors, professional, small businesses, artists, sports and artists.

Court of justice reached the surprise decision VAT by Ulrika Lomas, tax - News .com, Brussels
Last updated 11 hours ago |02 November 2010

The European Court of justice (ECJ) has announced its decision to the AXA (Denplan), a case sets a precedent for various businesses that receive payment for services by credit card or debit or similar payment systems and the tax treatment of these.

Denplan provides patients with private dental submits that its treatment patients? costs has been a financial service and therefore exempt from the tax on value added (VAT). This argument has been approved by the UK courts but has been rejected by the Court of justice, rather than services, for which he fees dentists in his employment, Denplan?s payment processing are apparent to a debt collection service and are therefore excluded from the exemption of payments, transfers and therefore subject to VAT.

Hannah Dobson, Director Smith & Williamson, accounting and financial services tax commented on the decision of Group: ?It is difficult to see how the services provided by Denplan can possibly be recovery of a debt in the usual that direct debits are essentially sense collected from patients at the exact moment that maturity, i.e. Denplan isn't hunting a debt for which he is charged Court however frais.La felt that this term should be interpreted in general much so it seems capable of almost any payment service application, and if this analysis is absorbed by the Member States may assign a broad range of business arrangements. ?

?Irrespective points of view on this decision, the Court of justice is the final Court of appeal for AXA (Denplan) and consequently that decision will be maintained.Any company that has been charging VAT on credit card or debit or processing payments to direct debits collectors or similar fee collection costs expected for the moment, continue to take account of the VAT on these frais.Pour enterprises with similar claims of AXA / Denplan, they are likely to be formally rejected by HMRC.Nous would strongly recommend that advice is sought to remove any claim in this case however, to ensure that an alternative argument does not exist for the claim remains valid.»

.

LOWTAX libraryMore great and most authorities business and investment sources from the web, the .Aux sides of new topical information, daily on the evolution of the tax in the world, you may receive weekly press services or information update reports on a range of legal, fiscal and investment subjects access.

FREE NEW TRIAL SUBSCRIPTION

Our constantly updated intelligence reports 16 covers all important aspects of "offshore" and international tax planning in depth, including the banking secrecy EU savings tax directive funds, off the coast of e-commerce, offshore offshore and price of transfert.Les reports are available for immediate download or subscription with the new pages services.

Content of new solutions

Can your website or newsletter receive the incorporation of new updates regularly and content adapted to serve the interests of your clients? we offer a variety of new maintenance-free and can be integrated transparently and dynamically delivered content solutions:

Customized "own brand" news customized services
Content of the newsletter and the management
News Headlines Tickers

Click here to learn more, contact Peter Wiggins + 44 1424 425933 or send an e-mail to mailto:peter@lowtax.net

Free Tax-News Feed

Click here for a brief introduction to RSS and instructions on how to obtain tax news feed.

View the original article here