An outline of what we can expect — a review by John Rainsford and Martin McQuillan of Smith & Williamson
In early 2008 the EU Council of Ministers formally adopted a series of changes to the EU VAT rules with effect from 1 January 2010 known collectively as the VAT Package. The VAT Package included proposals for much improved cross-border refund procedures.
The refund system enables a business that incurs input VAT in another EU Member State where it is not established and makes no supplies to recover VAT from the Member State of Refund (MSR). Before outlining the new electronic procedures it is worth a recap of the old rules under which many claimants used to struggle to obtain timely repayments of VAT.
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An outline of what we can expect — a review by John Rainsford and Martin McQuillan of Smith & Williamson
In early 2008 the EU Council of Ministers formally adopted a series of changes to the EU VAT rules with effect from 1 January 2010 known collectively as the VAT Package. The VAT Package included proposals for much improved cross-border refund procedures.
The refund system enables a business that incurs input VAT in another EU Member State where it is not established and makes no supplies to recover VAT from the Member State of Refund (MSR). Before outlining the new electronic procedures it is worth a recap of the old rules under which many claimants used to struggle to obtain timely repayments of VAT.
...
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If you do not subscribe but are a registered user, please enter your details in the following boxes: