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The right to deduct VAT on transactions directly or indirectly related to carousel fraud lies, among other factors, on the reasonable knowledge of the clients about the risk of VAT fraud carried by their suppliers.
26 February, 2016
The ECJ Advocate General (Case C‑28/11, Opinion of AG Jääskinen) has recently given his opinion on a case where a German company operating a bonded warehouse failed to meet the three-month time limit required to waive the VAT and excise duties.
26 February, 2016
Following a recent decision by the Greek tax authorities, VAT registrations in Greece will be suspended automatically by the tax authorities when there are signs or evidences of potential fraud.
26 February, 2016
Where a company overcharged VAT , this company can only recover the amount paid to the authorities once it has refunded the VAT collected from the customer.
26 February, 2016
Certain businesses need to adjust their input VAT deducted throughout the year according to their partial exemption method.
26 February, 2016
Belarusian electronic invoices introduced
26 February, 2016
Belgium has recently introduced the outcome of the Skandia case into its national VAT legislation. There are no significant variations from the ECJ position.
26 February, 2016
New object included in the reduced VAT rate on Cyprus: the government announced a new reduced VAT rate on efficient energetic units installed in houses.
26 February, 2016
The domestic reverse charge on the supply of staff will now apply in Hungary.
26 February, 2016
UK telecom services under the reverse charge regime
26 February, 2016
As announced previously, Hungary requires all registered businesses (including non-established companies) to use a certified invoice software to keep record of all their invoices.
26 February, 2016
From 1 April 2016 Latvia will introduce domestic reverse charge on IT equipment such as laptops, mobile phones and computer chips.
26 February, 2016