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VAT News 19/2016
Federal Fiscal Court asks ECJ re input VAT deduction from an accomodation address
What does "full address" actually mean? According to the German Federal Fiscal Court, it must be an address at which an "economic activity" takes place. VAT deduction is therefore not possible if an invoice only provides an accommodation address or a PO Box address. The ECJ’s recent judgment, in a Polish case, appears to indicate that it does not set similarly strict requirements. The Fifth and Eleventh Senates of the German Federal Fiscal Court have thus now referred their interpretation to the ECJ.
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VAT News 18/2016
The EU is reducing duties for information and entertainment technology and electro technology
With effect from 01.07.2016, the EU has reduced and partly eliminated import duties for a large number of information and entertainment electronics and electro technology goods (Regulation (EU) 2016/1047 of 28.06.2016). The cost of importation of these goods has therefore reduced significantly. Our newsletter aims to provide you with information on which products are affected by the reduction, within what timeframe further reductions of import duties are to be expected and how you can benefit of these reductions.
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VAT News 17/2016
VAT treatment of vouchers harmonized
After many years of discussion, on 1 July 2016 the Directive (EU) 2016/1065 regarding the VAT treatment of vouchers was finally published. The Directive introduces new definitions such as ‘single-purpose voucher’ and ‘multi-purpose voucher’. Furthermore, the Directive stipulates the criteria for cases where the issue and transfer of vouchers are subject to VAT. The Member States must adopt this Directive in their national laws by 31 December 2018.
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