In SC Terracult v Direcţia Generală Regională a Finanţelor Publice Timişoara (Case C-835/18) (26 March 2020) the advocate general (AG) considered that a member state was precluded from a practice which did not allow the correction of invoices in respect of transactions which were the subject of a tax inspection and assessment where additional information subsequently came to light.
The appellant (D) supplied goods to a German customer (A) from Romania on the basis that the transactions were intra-Community movements of goods. Thus the supplies were exempted (i.e. zero-rated in UK parlance). Following a tax inspection D was unable to provide evidence that the goods had left Romania and the authorities raised an assessment for the VAT due on the supplies which D paid without demur.
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In SC Terracult v Direcţia Generală Regională a Finanţelor Publice Timişoara (Case C-835/18) (26 March 2020) the advocate general (AG) considered that a member state was precluded from a practice which did not allow the correction of invoices in respect of transactions which were the subject of a tax inspection and assessment where additional information subsequently came to light.
The appellant (D) supplied goods to a German customer (A) from Romania on the basis that the transactions were intra-Community movements of goods. Thus the supplies were exempted (i.e. zero-rated in UK parlance). Following a tax inspection D was unable to provide evidence that the goods had left Romania and the authorities raised an assessment for the VAT due on the supplies which D paid without demur.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
.jpg?sfvrsn=335a554c_0 "300 x 250 (MPU)")
