VAT news tagged as "Late interest"


ECJ finds interest payable where VAT credit incorrectly refused

November 17th, 2013

The European Court of Justice (ECJ) has this month ruled that member states may not lawfully withhold interest due on VAT credits or refunds. Romanian company seeks VAT credit interest The case concerned a Romanian company.  The local tax authorities offset a VAT credit they were due back through the Romanian VAT registration.  They offset …