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A holding company requested clarification on whether income from positive settlements in energy price hedging contracts (swaps) is subject to VAT. The DGT ruled that this income does not constitute a supply of services and should not be included in the calculation of the pro rata.
Cuestión planteada Si las liquidaciones positivas que pudiera recibir la consultante derivadas de dichos contratos de cobertura unilateral de riesgo se encontrarían sujetas al Impuesto sobre el Valor Añadido. En su caso, si limitarían su derecho a deducir el Impuesto sobre el Valor Añadido soportado en su actividad.
Los contratos de cobertura que no implican entrega física de energía son prestaciones de servicios financieros exentas de IVA. Las liquidaciones positivas a favor de quien contrata el derivado no constituyen una prestación de servicios propia, sino una mera garantía de riesgo. Por tanto, dichos ingresos no están sujetos al IVA y no deben incluirse en el denominador para el cálculo de la prorrata.
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