Order of the Court of Justice of 29/04/2020 – C-756/19
When your company sends an invoice including VAT to its customer, it acts as a tax collector on behalf of the State: it must include the invoice in its VAT return and pay the VAT within the deadlines set by VAT regulations. Failure to do so may result in administrative sanctions and interests on late payment.
Whether or not the client honours the payment of the invoice has no influence on the matter.
In these times of serious economic crisis, the risk of business failure is greater than ever.
So what should you do if your client goes bankrupt? Can you in this situation claim back the VAT on your receivables ?
Source: vatdesk.eu
Latest Posts in "European Union"
- Blog Part 3: ViDA as a Finance Opportunity: Turning Mandatory Digital VAT into Control and Insight
- EU Court Upholds Use of Foreign Export Prices in Customs Valuation Under Residual Method
- EU Commission Seeks Feedback on Revising E-Invoicing Directive for Public Procurement
- VAT Concepts Explained: When Inventory Crosses a Border: Call-Off Stock, Consignment Stock, and Inventory in Motion
- Agenda of the ECJ/General Court VAT cases – 2 Judgment, 2 AG Opinions till May 5, 2026
