Quick fixes. From January 1, 2020, a number of “quick repairs” (the “quick fixes”) will be carried out with regard to the current VAT system. This includes: a simplification for “call off stocks”; the introduction of the customer’s VAT identification number as a material condition for applying the 0% VAT rate for intra-Community supplies; and …
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The simplified ABC scheme is currently again in the spotlight. The reason for this is a series of new ECJ cases that seem to impose (new) restrictions on the applicability of the simplified ABC scheme. In this article we discuss these new judgments in Toridas and Kreuzmayr and we indicate what the possible consequences are …
Continue reading “Toridas and Kreuzmayr: where following the goods can lead to for VAT…”
Intra-Community chain transactions. In practice, chain transactions are often referred to as ABC transactions. In our article on VAT bulletin 2012/68, we noted that ABC transactions within the EU internal market are not easy to deal with. This already applies to chain transactions with three parties. However, for chains with more than three parties, assessing …
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ABC transactions. With effect from January 1, 2012, changes have been made to the Dutch VAT Act (Wet op de omzetbelasting 1968) in the context of the “simplified ABC scheme”. In this article we will discuss the content, background and operation of these changes.
