000			02071nab a2200265 c 4500
999			_c140942 _d140942
003			ES-MaIEF
005			20230613191027.0
007			ta
008			190719s2019 ne ||||| |||| 00| 0|eng d
040			_aES-MaIEF _bspa _cES-MaIEF
041			_aeng
100	1		_960731 _aGamito, Philippe
245		0	_aMorgan Stanley judgment _bthe emergence of transnational VAT pro rata calculations _c Philippe Gamito
260			_c2019
500			_aResumen.
520			_aThe lack of legal clarity regarding VAT recovery and deductible proportion rules applicable to a branch providing support services to its overseas head-office has led to the application of different deduction methods across the European Union (EU). On 24 January 2019, the Court of Justice of the European Union (CJEU) released a long-awaited judgment in Morgan Stanley & Co International plc (Morgan Stanley) (C-165/17). The Court opined that the French branch of a Morgan Stanley entity with its head-office in the United Kingdom should use two pro rata calculations to recover French VAT incurred. One regarding expenditure exclusively used to support of its head-office's mixed supplies, and a second, on general costs used to support both establishment's supplies. The significance of this judgment should not be overlooked for taxable persons active in the insurance, financial and other exempt sectors and established in more than one Member State. In this article, the author considers previous CJEU's judgments that have contributed to shape the issue of deductible proportion in cross-border scenarios, analyses the Morgan Stanley judgment and addresses theoretical and practical difficulties that arise.
650		4	_950141 _aIMPUESTO SOBRE EL VALOR AÑADIDO
650		4	_962796 _aOPERACIONES TRANSFRONTERIZAS
650		4	_944380 _aSUCURSALES
650		4	_947837 _aNO RESIDENTES
650		4	_aUNION EUROPEA _948644
650		4	_aJURISPRUDENCIA _947570
773	0		_9160690 _oOP 2141-B/2019/3 _tEC Tax Review _w(IEF)124968 _x 0928-2750 [print] _g v. 28, n. 3, June 2019, p. 150-163
942			_cART