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Umsatzsteuer Newsletter 13/2013
Place of supply for intermediaries selling tickets which grant access to events
Last year the German Ministry of Finance changed its view on the VAT treatment of sales of tickets by intermediaries. Now, the German VAT Circular has been amended accordingly. All entrepreneurs selling tickets as intermediaries but not as organizers of events will need to review their invoicing processes. This not only concerns typical ticket sellers but potentially event organizers and all other entrepreneurs selling tickets to other parties.
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Umsatzsteuer Newsletter 12/2013
Croatia’s accession to the EU necessitates changes to the SAP system
Due to the accession to the EU, entrepreneurs having business relations with Croatia will need to make changes to the individual settings in their SAP systems. From now on, business transactions will have to be treated differently in VAT matters. These changes will have to be implemented accordingly with regard to the customer’s settings, using the correct tax codes and the invoice layouts as well as VAT reports, EC-Sales lists and Intrastat declarations.
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Umsatzsteuer Newsletter 11/2013
European Court of Justice comments once again on VAT deduction following invoice correction
In its latest judgment, the European Court of Justice (ECJ) comments on the legal case Petroma Transports and others regarding the question of VAT deduction following an invoice correction. According to the ECJ’s statements, invoice corrections have to be transmitted to the responsible tax office before decisions on denying VAT deduction are being made. It could be interpreted that VAT deduction with retroactive effect should be pos-sible. Therefore, entrepreneurs are forced to take action by having invoices corrected properly and quickly as well as transmitting the corrected invoices to the tax authorities in time.
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