Lee Squires and Fiona Bantock (Hogan Lovells) provide your monthly review of the VAT developments that matter.
Senatex: correction of VAT invoices
The advocate general (AG) has given his opinion in Senatex GmbH v Finanzamt Hannover-Nord (Case C-518/14) concerning when the right to deduct VAT arises if a VAT invoice is incomplete when it is issued but is later corrected.
Senatex had received VAT invoices which did not contain the supplier’s VAT number as required by the VAT Directive and used these to deduct VAT. Following an inspection by the German tax authority Senatex arranged for the VAT invoices to be corrected. The tax authority claimed that the VAT on the invoices could not be deducted until the period in which they had been corrected meaning that Senatex was liable to interest for...
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Lee Squires and Fiona Bantock (Hogan Lovells) provide your monthly review of the VAT developments that matter.
Senatex: correction of VAT invoices
The advocate general (AG) has given his opinion in Senatex GmbH v Finanzamt Hannover-Nord (Case C-518/14) concerning when the right to deduct VAT arises if a VAT invoice is incomplete when it is issued but is later corrected.
Senatex had received VAT invoices which did not contain the supplier’s VAT number as required by the VAT Directive and used these to deduct VAT. Following an inspection by the German tax authority Senatex arranged for the VAT invoices to be corrected. The tax authority claimed that the VAT on the invoices could not be deducted until the period in which they had been corrected meaning that Senatex was liable to interest for...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
