Brussels, 01/03/2013 (Agence Europe) - The VAT directive does not make it an obligation for member states to take into account the turnover of branches established in other member states or third countries when calculating the pro rata deduction for a company based on their territory, Advocate General Cruz Villalon states in conclusions on Thursday 28 February regarding a case (C-388/11) which opposes the French bank, Crédit Lyonnais (LCL), and the national tax administration.
The French...