VAT ruling could cost EU millions

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Series Details 27.5.05
Publication Date 27/05/2005
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The European Court of Justice ruled on 26 May 2005 that companies should be able to recover value added tax on the legal and accounting fees incurred in the sale of new shares. The ruling means that European governments may have to repay hundreds of millions of euros to companies.

Related Links
European Court of Justice: Press Release, No.45, 2005 http://curia.europa.eu/en/actu/communiques/cp05/aff/cp050045en.pdf

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