Time to reverse charges
Nuttall, L
Time to reverse charges - 2000 - Estates Gazette (0047) 25 November 2000, 169(1) .
Suggests that the hearing of "Cantor Fitzgerald" and "Mirror Group plc" will provide the European Court of Justice (ECJ) with sufficient evidence to clarify the confusing reverse payment rules relating to property transactions. ECJ has the opportunity to decide the correct VAT position of payments made with the intention of inducing a third party to do something under a land transaction. Considers the complexity of reverse payments in the context of a grant or an assignment of lease, and looks at how "Lubbock Fine" is applicable to both "Mirror" and "Cantor".
EUROPEAN COURT
VALUE ADDED TAX
LUBBOCK FINE V C&EC
CANTOR FITZGERALD V CUSTOM AND EXCISE COMMISSIONERS
MIRROR GROUP PLC V CUSTOM AND EXCISE COMMISSIONERS
REVERSE PREMIUMS
LAND TRANSACTIONS
COMMERCIAL LEASES
Time to reverse charges - 2000 - Estates Gazette (0047) 25 November 2000, 169(1) .
Suggests that the hearing of "Cantor Fitzgerald" and "Mirror Group plc" will provide the European Court of Justice (ECJ) with sufficient evidence to clarify the confusing reverse payment rules relating to property transactions. ECJ has the opportunity to decide the correct VAT position of payments made with the intention of inducing a third party to do something under a land transaction. Considers the complexity of reverse payments in the context of a grant or an assignment of lease, and looks at how "Lubbock Fine" is applicable to both "Mirror" and "Cantor".
EUROPEAN COURT
VALUE ADDED TAX
LUBBOCK FINE V C&EC
CANTOR FITZGERALD V CUSTOM AND EXCISE COMMISSIONERS
MIRROR GROUP PLC V CUSTOM AND EXCISE COMMISSIONERS
REVERSE PREMIUMS
LAND TRANSACTIONS
COMMERCIAL LEASES