VAT news tagged as "Deductions"

Poland

Poland challenges fuel card companies’ VAT model

July 29th, 2014

A recent Polish VAT ruling on the treatment of input VAT deductions on fuel cards threatens to undermine the industry’s long-term EU-wide business model. VAT on fuel card supplies Many hauliers/truckers and other commercial vehicle operators make use of fuel cards to help manage and lower the cost of high frequency petrol or diesel refills. …


Denmark

Denmark ruling undermines basic right to VAT deduction

March 7th, 2013

The Danish tax courts has issued a surprising ruling on the rights of companies to deduct VAT on invoices. A seller was providing domestic supplies to a local buyer.  Whilst the seller was providing standard VAT returns, it later emerged that there was a VAT fraud.  The seller was not in fact Danish VAT registered, …