Legal Developments: The end of exemption
A recent European Court of Justice judgment may require VAT to be paid on a raft of insurance-related services that were previously exempt. Neil Warriner and Paul Williams looks at what this judgment means in practice
In the recent case of Staatssecretaris Van Financien v Arthur Andersen & Co Accountants, the European Court of Justice (ECJ) has held that the VAT exemption that applies to insurance intermediaries is more restricted than had been thought.
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