News
ELECTRONIC INVOICING AND TRANSMISSION OF INFORMATION TO THE FRENCH TAX AUTHORITIES FROM 1 JULY 2024 (“E-INVOICING / E-REPORTING”)
From 1 July 2024, businesses will face new procedures for the transmission of invoices ("e-invoicing") and transaction data ("e-reporting"). The application of one and/or the other procedure will depend on the place of establishment of the parties, the territoriality...
A GLANCE AT THE DEFINITIVE VAT SYSTEM APPLICABLE TO DISTANCE SALES (B2C)
The VAT rules applicable to distance sales of goods to individuals (B2C) have been profoundly modified since July 1, 2021 with a view to meeting various challenges linked to the exponential growth of electronic commerce in the European Union ("EU") in recent years, in...
TAX AUTHORITIES THAT HOLD THE RELEVANT INFORMATION MAY NOT REFUSE VAT DEDUCTION SOLELY BECAUSE SUPPLIES ARE NOT SUFFICIENTLY DESCRIBED IN THE INVOICE
In a judgment of 15 September 2016 (ECJ, 15 September 2016, C-516/14, Barlis 06) on the exercise of the right to deduct VAT, the Court of Justice reminds that the tax authorities are not entitled to refuse the right to deduct VAT solely because the taxable person...
ECJ DECIDES ON RETROSPECTIVE EFFECT OF THE CORRECTION OF A VAT INVOICE
In a judgment of 15 September 2016 (ECJ, 15 September 2016, C-518/14, Senatex), the Court of Justice of the European Union addresses the issue of the retrospective effect for the correction of invoice by the supplier and its impact on the exercise of the right to...
FRENCH VAT TREATMENT APPLICABLE TO THE PROVISION OF FREE MEALS TO STAFF
A company asks for the restitution of the VAT which it had to pay because of expenses related to the meals served free to its personnel in the absence of an alternative catering offer at the place of activity. The French Conseil d’Etat (CE, October 11, 2017, No....
THE EUROPEAN UNION VAT SYSTEM IS GETTING A NEW LOOK !
The VAT system applicable to intra-Community trade in goods and services is currently undergoing major reform. New European directives must indeed be transposed into national laws in order to reform the transitional regime for the taxation of intra-community...
BREXIT: CHANGES TO VAT TREATMENT OF GOODS IMPORTED IN THE UK FROM 1 JANUARY 2021
The United Kingdom has announced changes in the VAT treatment of goods imported from outside the UK and sold on the territory of this country. This new set of rules will enter into force on 1 January 2021, at the end of the Brexit transition period. In a nutshell,...