The European Union’s VAT system is founded on the principle that VAT should be applied fairly and consistently, while allowing taxpayers to organise their commercial activities within […]
The Ongoing Challenge of Combating VAT Fraud VAT fraud has long been one of the greatest challenges facing tax authorities across Europe. One of the most damaging […]
Bad debt relief is a VAT mechanism that allows businesses to recover VAT previously accounted for on supplies where payment is ultimately not received. VAT generally becomes […]
A valid VAT invoice is one of the cornerstones of the EU VAT system. It serves not only as evidence that a taxable supply has taken place […]
For many businesses, particularly in the automotive sector, speed of supply is critical. Production lines cannot afford to stop because a component is sitting in a warehouse […]
Transfer pricing is one of the most complex areas of international taxation. It concerns the pricing of transactions between companies within the same multinational group, including the […]
The rapid growth of e-commerce over more recent years has transformed the way goods are bought and sold cross-border. Online marketplaces and digital platforms now enable businesses […]
Introduction Compensation payments arise in a wide variety of commercial situations, typically where one party suffers a loss due to the actions or decisions of another. These […]
Value Added Tax is built on the principle that each supply of goods or services should be treated as a separate and independent transaction. This “stand-alone supply” […]
The judgment delivered by the European Court of Justice (CJEU) in Case C‑640/23 (Greentech) provides important clarification on how businesses can recover VAT that was incorrectly charged […]
As a general rule, where a business purchases goods in one Member State and they are dispatched to another, the purchaser provides the supplier with a VAT […]
In VAT jurisdictions throughout the EU, a supplier who fails to pay the VAT collected on his taxable supplies may create a financial risk for VAT authorities. […]
Under the VAT exemption for intra-Community supplies, goods may be supplied between EU Member States without being subject to VAT in the Member State of departure, provided […]
Following its decision on 13th November 2025 to abolish the EUR 150 customs duties exemption threshold on low value consignment goods as of 2028, the EU Council […]