Comments on ECJ C-89/23: Lender VAT due for auction pledged goods

The CJEU ruled that auctioning collateralised goods by a lender is not ancillary to the granting of credit, so the auctioning activities are not subject to the same VAT exemption. The court emphasized that the granting of credit can be done independently of the auctioning of goods and that auctioning collateral is not a usual result of granting a loan.