ECJ rules on VAT treatment of timeshare exchange fees

The ECJ gave judgment on 3 September 2009 in this UK case concerning the place of supply of services relating to timeshare properties. The ECJ held that the fees charged for enrolment in and membership of a timeshare exchange scheme and the fees payable when an exchange actually takes place, all constitute consideration for a supply of 'exchange services' which is to be taxed where the scheme member's own timeshare property is situated, rather than where the operator of the scheme is established (RCI Europe: C-37/08).