MAY 2016 – VAT TREATMENT OF CARD PROCESSING – COURTESY OF EY

Today, 26 May 2016, to European Court of Justice (ECJ) delivered its judgment in cases C-607/14 ‘’Bookit Ltd’’ and C-130/15 and C-130/15 ‘’National Exhibition Centre Ltd’’, which relate to the VAT treatment of card processing and card handling services, concerning payments by debit and credit cards and specifically whether such services qualify for the application of the VAT exemption for transactions including negotiation concerning deposit and current accounts, payments, transfers, debts, cheques and other negotiable instruments.

Indirect Tax Newsletter_English_Issue 3_May2016

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