A summary of important VAT developments with implications for cross-border business operations.
In the Romanian case of Amarasti Land Investment SRL,
(C-707/18), the court considered the effect of a contractual
arrangement between the parties to the sale of land for the first
registration of the land in the name of the seller.
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Advocate General of the Court of Justice of the EU
3 February 2020
In the case of Agrobet CZ, s.r.o. (C-446/18), the
Advocate-General was asked to opine on whether tax authorities are
permitted to defer the repayment of all input tax for a VAT period
even though only a small part was subject to an ongoing
investigation (concerning potential missing trader fraud) by the
tax authority
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EU
3 February 2020
Following a lack of harmonisation within the EU on how certain
intra-EU supplies of goods were treated, the EU developed four
quick fixes to simplify and harmonise the EU Member States'
rules, pending the introduction of the definitive VAT system based
on the destination principle.
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Country-specific updates - Gulf Cooperation Council (GCC)
3 February 2020
GCC VAT regimes – State of play 2020 – In June 2016
the six GCC countries (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia
(KSA) and the United Arab Emirates (UAE)) signed the GCC VAT
Framework Agreement
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Country-specific updates - UK
3 February 2020
The issue in this appeal case was whether digital newspapers
would benefit from the same zero-rating treatment as physical
newspapers. The court allowed the taxpayer's appeal, applying
the "always speaking" doctrine, namely that the purpose
of legislation remains, so that even if digital newspapers were not
contemplated at the time the legislation was enacted, the
legislation needs to be applied purposefully to remain
relevant.
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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
