IDEAS home Printed from https://ideas.repec.org/p/btx/wpaper/0718.html
   My bibliography  Save this paper

When do dealings in shares fall within the scope of VAT?

Author

Listed:
  • Rita de la Feria

    (Oxford University Centre for Business Taxation)

Abstract

Transactions in shares are exempt under Article 135(1)(f) of the Common VAT System Directive. However, in practice, the legal regime applicable to shares is based not on the interpretation of one single provision of the Directive, but rather on the joint interpretation of various inter-connected provisions. Within the last 15 years, the Court has been called to interpret these provisions, within the context of the VAT treatment of dealings in shares, on several occasions. However, far from having resolved all inherent conceptual and practical pitfalls of applying the EU VAT provisions to the sui generis nature of dealings in shares, it is clear that the case-law itself gives rise to various difficulties, thereby heightening the sense of legal uncertainty. This paper provides an analysis of the case-law of the Court in relation to transactions in shares, highlighting its evolution, as well as its consequences, from both a practical, and a conceptual, perspectives.

Suggested Citation

  • Rita de la Feria, 2007. "When do dealings in shares fall within the scope of VAT?," Working Papers 0718, Oxford University Centre for Business Taxation.
    • Handle: RePEc:btx:wpaper:0718
    as

    Download full text from publisher

    File URL: http://www.sbs.ox.ac.uk/sites/default/files/Business_Taxation/Docs/Publications/Working_Papers/Series_07/WP0718.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    VAT;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:btx:wpaper:0718. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dongxian Guo (email available below). General contact details of provider: https://edirc.repec.org/data/sbsoxuk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.