Judgment_paragraph 22 · Velvet & Steel Immobilien und Handels GmbH v Finanzamt Hamburg-Eimsbüttel (C-455/05)

22The same conclusion is also valid for the other transactions set out in subparagraphs 1 and 3 to 6 of Article 13B(d) of the Sixth Directive. Thus, subparagraph 1 concerns credit; subparagraph 3, deposit and current accounts, payments, transfers, debts, cheques and other negotiable instruments; subparagraph 4, legal tender; subparagraph 5, shares and other securities, and subparagraph 6, management of special investment funds. Although those transactions, defined according to the nature of the services provided, do not necessarily have to be carried out by banks or other financial institutions (see, to that effect, SDC, paragraph 32; Case C-305/01 MKG-Kraftfahrzeuge-Factoring [2003] ECR I-6729, paragraph 64; and Case C-169/04 Abbey National [2006] ECR I-4027, paragraph 66), they relate, nevertheless, as a whole, to the sphere of financial transactions.

Velvet & Steel Immobilien und Handels GmbH v Finanzamt Hamburg-Eimsbüttel (C-455/05)

Key facts

History · 1 version

Connections