Mixed-use FinTech services not covered by the Investment Management Exemption

In BlackRock v HMRC (C-231/19), the CJEU held that management services provided by a financial technology services platform for the management of a mix of special investment funds and other investment funds could not benefit from the investment management exemption contained in Article 135(1)(g) of the Principal VAT Directive. Read more

Place of Supply AG Opinion

Advocate General Hogan has delivered his opinion in Wellcome Trust Ltd (C-459/19), setting out his view that a "taxable person" who receives services exclusively for the purposes of non-economic activities will nevertheless be treated as a "taxable person" for the purpose of determining the place of supply of those services (for VAT purposes). Read more