COURT OF JUSTICE OF THE EU / Taxation

VAT – goods containing precious metals are not second-hand goods if they lose their initial purpose, Court confirms

Brussels, 11/07/2018 (Agence Europe)

Goods containing precious metal or stones are not second-hand goods and cannot therefore be subjected to the profit margin regime set out in the 'VAT' directive, if these goods are no longer likely to fulfil their initial purpose, the Court has confirmed in a judgment returned on Wednesday 11 July (case C-154/70).

Accepting the line of argument of the Advocate General (see EUROPE 11998), the Court stresses that in order to come under the category of 'second-hand goods', an object made of...