Luxembourg, 03/07/2007 (Agence Europe) - In its judgment on case C-363/05 delivered on 28 June, the Court of Justice followed the conclusions of the advocate general (see EUROPE 9380). According to the Court, JP Morgan Fleming Claverhouse Investment Trust plc can reclaim from British tax authorities the VAT it has paid since 1990 for management services, since these were services for a closed-end fund, and, thus, exempt from VAT under the terms of the sixth VAT directive (77/388/EC). The...