VAT and Financial Services - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook VAT and Financial Services write by Robert F. van Brederode. This book was released on 2017-03-06. VAT and Financial Services available in PDF, EPUB and Kindle. This book explains the theoretical and policy issues associated with the taxation of financial services and includes a jurisdictional overview that illustrates alternative policy choices and the legal consequences of those choices . The book addresses the question: how can financial services in an increasingly globalized market best be taxed through VAT while avoiding economic distortions? It supports the discussion of the key practical problems that have arisen from the particular complexity of the application of VAT to financial services, and allows for the evaluation of best practice by comparing the major current reform models now being implemented.
Intermediation of Insurance and Financial Services in European VAT
Intermediation of Insurance and Financial Services in European VAT - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Intermediation of Insurance and Financial Services in European VAT write by Claus Bohn Jespersen. This book was released on 2011-01-01. Intermediation of Insurance and Financial Services in European VAT available in PDF, EPUB and Kindle. The current European VAT legislation encompassing insurance and financial services, including intermediation thereof, dates back to the adoption of the Sixth VAT Directive in 1977. The definitions do not, however, encompass the current complexity of insurance and financial transactions. This has resulted in considerable confusion for fiscal authorities and for businesses when deciding upon the application of the VAT exemption. As the correct VAT treatment has a significant economic impact on businesses, a great number of cases have been referred to the Court of Justice of the European Union. This is also the reason why the European Commission presented its proposal for the future treatment of insurance and financial services, including intermediation thereof, in November 2007. The political process has not yet been finalised and if the Commission's proposal is agreed upon, the question of understanding the definitions still exists. This book deals with the exemption for intermediation of insurance and financial services within European VAT. This implies analysing the methods of interpretation applied by the Court of Justice of the European Union when interpreting the provisions regarding insurance and financial services. Furthermore, the current definitions for intermediation of insurance and financial services as provided for in the VAT Directive are analysed and conclusions are made in order to define a single concept of intermediation. These analyses are followed by various practical scenarios from case law of the Member States concerning intermediation of insurance and financial services. Finally, comments based on the analyses carried out are given on the European Commission's proposal for amending the VAT Directive and the accompanying Regulation regarding intermediation of insurance and financial services.
The VAT and Financial Services
The VAT and Financial Services - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The VAT and Financial Services write by Malcolm Gillis. This book was released on 1987. The VAT and Financial Services available in PDF, EPUB and Kindle.
Value Added Tax and Financial Services
Value Added Tax and Financial Services - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Value Added Tax and Financial Services write by John Prebble QC. This book was released on 2015. Value Added Tax and Financial Services available in PDF, EPUB and Kindle. Value added tax (VAT) is a relatively modern development. Designers of VAT recognized from the outset that the way in which financial institutions are remunerated creates significant difficulty when the tax is applied to their services. Administrative difficulties relate to imposing invoice-based VAT on service fees charged as part of the margin between buy and sell rates. Theoretical reasons relate to arguments that financial services should not be taxed under a consumption tax because, it is argued, financial services are not consumed in the way in which goods and services are consumed. Because of these difficulties, most jurisdictions have opted to exempt financial services from VAT. However, the commonly accepted reasons to exempt financial services from VAT are not compelling, since financial services are no different in relevant respects from other services. Moreover, there are methods by which financial services could be brought within the VAT base. Furthermore, although exemption is the simplest way for a VAT to treat financial services, it causes significant distortions in the economy.
VAT and Financial Services (fourth edition)
VAT and Financial Services (fourth edition) - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook VAT and Financial Services (fourth edition) write by Mark Chesham. This book was released on 2022-07-14. VAT and Financial Services (fourth edition) available in PDF, EPUB and Kindle. VAT and Financial Services takes the reader through the relevant legislation case law, and legal concepts; examines the consequences of outsourcing; looks at the key issues facing financial services and insurance; and discusses the VAT cost sharing exemption. Since the last edition significant changes include: consequences of Brexit, the abolition of Cost Sharing Groups and significant developments in case law.
