On Wednesday 18 April, the European Banking Federation wrote to Stephen Quest, Director General for Taxation and Customs Union at the European Commission, to ask the institution to present a proposed change to the VAT directive, following a number of recent decisions of the Court of Justice of the European Union (CJEU) that has had serious fallout for European banks.
The source of these concerns lies in the three judgements returned by the CJEU on 21 September of last year (see EUROPE...