Marcandi Ltd v Revenue and Customs Commissioners

European Union – Value added tax. Article 2(1)(c) of Council Directive (EC) 2006/112 should be interpreted as meaning that the issue of 'credits', such as those at issue in the main proceedings, which allowed clients of an operator, such as Marcandi Ltd (Matbid), established in the UK, to bid in auctions that it organised, constituted a supply of services for consideration, for which the consideration was the amount paid in return for those 'credits'. The Court of Justice of the European Union so held in a preliminary ruling in proceedngs concerning the system of VAT applicable to the sale of 'credits' that could be used to participate in online auctions.

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