Revenue & Customs Brief 13/12 sets out HMRC’s view of the effect of the Court of Justice of the European Union’s decision in Banca Antoniana Popolare Veneta SpA -v- Ministero dell'Economia e delle Finanze and Agenzia delle Entrate [2012] STC 526.
The case was ‘very fact-specific’, HMRC said, and ‘does not automatically introduce an opportunity for taxable persons to make out-of-time claims for repayment of VAT wrongly accounted for in circumstances where they are legally required to make repayments of “tax” to their customers’. See www.lexisurl.com/DET97.
Revenue & Customs Brief 13/12 sets out HMRC’s view of the effect of the Court of Justice of the European Union’s decision in Banca Antoniana Popolare Veneta SpA -v- Ministero dell'Economia e delle Finanze and Agenzia delle Entrate [2012] STC 526.
The case was ‘very fact-specific’, HMRC said, and ‘does not automatically introduce an opportunity for taxable persons to make out-of-time claims for repayment of VAT wrongly accounted for in circumstances where they are legally required to make repayments of “tax” to their customers’. See www.lexisurl.com/DET97.
