On 2 July 2020 the EU Court of Justice released its latest ruling on the application of the VAT exemption for the management of special investment funds. This time it concerned BlackRock Investment Management (UK) Ltd (“BlackRock”). As a manager of investment funds BlackRock provided investment management services to both special investment funds and other […]

Germany has recently announced that it will lower its standard and reduced VAT rates. The standard VAT rate that is currently set at 19% will be reduced to 16%. The reduced VAT rate of 7% that applies to a limited category of expressly listed supplies of goods and services will be lowered to 5%. The […]