VAT news tagged as "VAT group"

Luxembourg

Luxembourg VAT Groups

August 17th, 2018

From 31 July 2018, Luxembourg has introduced VAT Groups which permit closely bound, but legally independent, tax payers to file a single, combined VAT return. This enables them to minimise VAT payments and potential losses. This is based on Article 11 of the EU VAT Directive, and follows the ECJ Commission v Luxembourg C-274/15 judgement. …


Italy

Italy new VAT groups

November 7th, 2016

Italy is to introduce VAT groups for connected, resident companies from 1 January 2018 (Financial Law 2017). The new, simplified VAT reporting group will enable connected companies to report under a single number, and eliminate VAT payments between group members. Companies may benefit from being classified as a single reporting entity based on criteria around …


United Kingdom

UK guidance on cost sharing groups’ VAT exemption

January 28th, 2014

The UK’s HMRC has updated its guidance for costs sharing groups which wish to take advantage of the potential VAT exemption on inter-group transactions. VAT exempt groups The VAT exemption relief is offered where two or more companies with UK VAT exempt activities form a new company to provide shared services.  The service company is …


Netherlands

Netherlands VAT groups conditions eased

October 28th, 2013

The Dutch courts have ruled that businesses with limited ability to recover VAT may have an improved opportunity to join a VAT Group to help realise savings. VAT groups simplify VAT recovery VAT groups enable related businesses to combine Dutch VAT inputs and outputs under a single VAT reporting number.  If the companies are trading …


Sweden

European Court blocks EC’s attempt to change Swedish VAT group rules

May 28th, 2013

The European Court of Justice, the highest court of appeal for European law, has blocked the European Commissions attempts to change Swedish VAT rules on groups.  The case concerned which companies may join the VAT group of a financial services and insurance group. EU countries may introduce national rules on VAT Groups The EC claimed …