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  • ECJ judgement on reduction of default interest normally payable on overpaid VAT

    Following the ECJ’s judgement in case C-387/16, Member States are not allowed to reduce the amount of interest on refunds of overpaid VAT which are not refunded in due time. This interpretation of Article 183 of Council Directive 2006/112/EC, read in the light of the principle of fiscal neutrality, refers to reasons connected to circumstances not attributable to the taxable person, such as the high amount of interest when compared the amount of overpaid VAT or the period of time...
  • VAT on drop-shipping. E-commerce VAT and distance sales EU VAT obligations

    Treatment of E-commerce VAT This article describes the VAT treatment and VAT obligations of e-commerce companies selling goods to private individuals across the EU. By private individuals we mean customers that are not registered for VAT. When goods are sold in the internet and shipped over to the customer in another EU country, the seller has the option to charge the VAT rate of the sending country or the VAT rate of the recipient country. This option is only available...
  • VAT on chartering: EU prompts Malta and UK for some rules adjustment

    The EC is wants to normalize the VAT on chartering The European Commission challenged the Maltese VAT rules on Yachts and private jets. According to Pierre Moscovici, the Commissioner for Economic and Financial Affairs, an infringement procedure may follow if these rules are not changed (update - March 8th: EU confirms that the infringement procedure against Malta, Greece and Cyprus, concerning incorrect application of VAT on chartering in those countries, is already initiated). Malta has a VAT leasing scheme that allows individuals to...
  • European VAT compliance check-list

    VAT compliance to-do list in January If your department is handling multiple VAT numbers across Europe from one same location, you must take a number of actions at the beginning of each year to make sure that you are on top of all your VAT obligations. Therefore, we summarized below what we believe should be the top priorities of your team in this easy-to-read VAT compliance check-list. Of course, depending on the volumes and industry of your business, additional checks...
  • EU Commission publishes plans to reform VAT

    New reform of European VAT rules Following the VAT Action Plan published last April 2017, the European Commission proposed the fundamental principles of what is aimed to become the biggest reform of European VAT rules in recent years. What is the new EU VAT regime about? Intra-Community VAT will follow the destination principle. This means that sales to another EU country will charge VAT at the country of destination´s VAT rate. Currently, intra-Community supplies are zero-rated provided that certain conditions are...