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22 November 2013
Issue: 7585 / Categories: Case law , Law digest , In Court
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VAT

Tulica v Agentia Nationala de Administrare Fiscala—Directia Generalia de Solutionare a Contestatilor and another case C-249/12 and C-250/12, [2013] All ER (D) 121 (Nov)

It followed from Arts 1(2) and 73 of Council Directive (EC) 2006/112 (the VAT Directive) that the principle of the common system of VAT entailed the application to goods and services of a general tax on consumption exactly proportional to their price and that the taxable amount included everything which constituted consideration obtained or to be obtained by the supplier of goods or services for transactions with the purchaser, customer or a third party. Article 78 of that Directive listed certain items which were to be included in the taxable amount, and Art 78(a) provided that VAT was not to be included in the taxable amount. In accordance with the general rule set out in Art 73, the taxable amount for the supply of goods or services for consideration was the consideration actually received for them by the taxable person. That consideration was thus the subjective value, namely, the value received. That rule should

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MOVERS & SHAKERS

Signature Litigation—Catherine Naylor

Signature Litigation—Catherine Naylor

International fraud and asset recovery offering boosted by partner hire

Stevens & Bolton—Alexa Payet

Stevens & Bolton—Alexa Payet

Private wealth disputes team adds contentious probate specialist

Morgan Lewis—Paul Feldberg

Morgan Lewis—Paul Feldberg

Firm strengthens investigations and sanctions capabilities with London partner hire

NEWS
Cheshire West, which established an ‘acid test’ for deprivation of liberty safeguards, has been overturned by the Supreme Court
The Chancery Division and other segments of the High Court are to be replaced by a new Business and Property Division (BPD), in a major civil justice shakeup
Law firms that hold client money will need to file annual accountants’ reports and make a declaration, the Solicitors Regulation Authority (SRA) confirmed this week
Two district judges and a tribunal judge have been sanctioned for delays in delivering judgments and orders
Private equity (PE) investment into UK law firms halved to £250m last year, but deal volume rose, according to research by Acquira Professional Services’ Momentum private equity market tracker
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