HM Treasury Statement on the European Commission’s Infraction Proceedings on the UK’s VAT Treatment of Certain Commodities Derivatives Trading The decision does not require businesses to pay any VAT on historic transactions, and the law applying to derivatives trades today means no VAT is due. Statement on infraction proceedings on VAT treatment of certain commodity derivatives trading A statement from HM Treasury regarding the European Commission’s notification of infraction proceedings on the UK’s VAT treatment of certain commodity derivatives trading. Published 9 March 2018 Last updated 15 May 2020 — see all updates From: HM Treasury On 15 May the European
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