VAT: Holding companies: recovery of input tax | Practical Law

VAT: Holding companies: recovery of input tax | Practical Law

The European Court of Justice has confirmed that holding companies which provide taxable management services to their subsidiaries carry out an economic activity for VAT purposes, so input VAT incurred in connection with that activity is recoverable.

VAT: Holding companies: recovery of input tax

Practical Law UK Articles 6-618-3095 (Approx. 3 pages)

VAT: Holding companies: recovery of input tax

by Norton Rose Fulbright LLP
Published on 27 Aug 2015European Union
The European Court of Justice has confirmed that holding companies which provide taxable management services to their subsidiaries carry out an economic activity for VAT purposes, so input VAT incurred in connection with that activity is recoverable.