VAT news tagged as "Warehouse"

Italy

Italy VAT warehouses

October 28th, 2016

From April 2017, domestic taxable supplies of goods from VAT warehouses will not require a VAT payment by the customer. Goods introduced to the warehouse via an intra-community supply will be exempted from this new rule. Instead, VAT due will be paid directly to the tax authorities by the warehouse operator. The customer will raise …


Germany

German warehouse VAT

January 27th, 2016

The European Court of Justice’s Advocate General (AG) has opined on a VAT treatment of goods held within customs warehouses. Eurogate Distribution GmbH and DHL Hub Leipzig GmbH Eurogate operated a German bonded warehouse to hold non-EU cleared goods destined for export from the EU for its customers. Eurogate failed to record these exports on …


Italy

Italy non-resident importers VAT warehouse changes

January 31st, 2014

From 12 September 2011, the import of goods into an Italian warehouse were determined as zero rated for Italian VAT if a guarantee is provided to cover the imputed VAT. The guarantee shall automatically expire when the goods are removed from the warehouse. On 4 November 2011, the Italian Customs Agency issued a further guidance …


Netherlands

Netherlands reduces VAT bank guarantees for importers

January 15th, 2014

The Netherlands has changed the methodology for the calculation of Dutch import VAT deferment bank guarantees, including setting maximum and minimum amounts. Dutch Article 23 VAT Deferment License Importers into the EU via the Netherlands may avoid the payment of Dutch import VAT at 21% through a highly attractive VAT deferment scheme. Known as an …


Poland

Polish VAT warehousing ruling

July 31st, 2013

The European Court of Justice (ECJ), the highest court of appeal for EU Value Added Tax cases, has recently ruled that warehouse storage services are only a Polish VAT property service when whole/majority of the storage facility is made available to a single customer. The case centred on whether the supply of storage services is …


Italy

Italy reviews VAT warehouse rules

July 3rd, 2013

Italy has asked for an EU preliminary ruling on the details of providing a VAT exemption on goods held in a VAT warehouse. VAT warehouses enables companies to hold stock in the EU which has not yet been cleared through customs for free circulation.  This includes no payment of customs duties and import VAT.  The …