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ARTICLE · 30 OCTOBER 2020

CJEU Decision In The Blackrock Case

ELVINGER HOSS PRUSSEN, société anonyme
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CJEU Decision in the Blackrock case.

European UnionFinance and Banking
Elvinger Hoss Prussen
Elvinger Hoss Prussen

On 2 July 2020, the Court of Justice of the European Union ruled in the case C-231/19 (Blackrock Investment Management (UK) limited v. Commissioners for her Majesty's Revenue and Customs) that a single supply of management services used to manage both special investment funds and other funds, could not be VAT exempt as funds management services.

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