The Weekly Law Reports
[1999] 2 WLR 230
[COURT OF JUSTICE OF THE EUROPEAN COMMUNITIES]
FIRST NATIONAL BANK OF CHICAGO
v.
CUSTOMS AND EXCISE COMMISSIONERS
(Case C-172/96)
1997 June 25;
Sept. 16;
1998 July 14
Sept. 16;
1998 July 14
President of Chamber C. Gulmann Judges M. Wathelet, J. C. Moitinho de Almeida, P. Jann and L. Sevón Advocate General C. O. Lenz
Revenue
— Value added tax
— Supply of goods or services
— Taxable amount
— Bank making no charge for foreign exchange dealing for customers
— Bank's profit from spread between bid and offer prices
— Whether foreign exchange transactions supply of services for consideration
— What constituting taxable amount
—
Council Directive (77/388/E.E.C.), arts. 2(1), 11(A)(1)(a)