VATupdate
VAT

EU VAT rules by topic

VAT Rates

  • Information on standard EU VAT rules, reduced rates in Member States and “special rates”.

Invoicing

  • EU & national rules and information on how and when to invoice.

Chargeable event

  • Find out when VAT becomes legally chargeable and the rules governing the supply of goods and services, intra-EU acquisitions, and imports (from outside the EU).

VAT return

  • Information including who has to make VAT returns, what transactions they must include and how often they need to be made.

VAT refunds

  • Information on refunds for cross-border transactions for VAT incurred by people or businesses not based in the country concerned.

Taxable transactions

  • Rules governing when VAT is chargeable for the supply of goods and services, Intra-EU acquisitions, and imports.

Taxable amount

  • Rules governing the taxable amount on which VAT is chargeable for the supply of goods and services, intra-EU acquisitions, and imports.

VIES (VAT Information Exchange System)

  • What is VIES and how it works.

VAT exemptions

  • Information on goods, services, and transactions exempt from VAT and exceptions to the normal rules for consumers.

Taxable persons

  • Definition; Information on who is responsible for charging, collecting, and paying VAT to the tax authorities; exceptions; and VAT groups for companies.

Deductions

  • Information on deduction rules including the right to deduct VAT incurred, restrictions on deductions and instructions on how and when deductions or adjustments to deductions are made.

Where to tax

  • Rules governing place of taxation for the supply of goods and services, intra-EU acquisitions, and imports.

Territorial scope

  • Find out where EU VAT rules apply and which VAT applies to goods from EU territories not covered by EU VAT rules.

Persons liable for VAT payment

  • Rules governing when a supplier or customer is liable for VAT payments due on transactions, and exceptions to the rules.

Special schemes

  • Information on specific circumstances where EU VAT rules are simplified, e.g. flat-rate scheme for farmers, tour operators’ scheme, investment gold…

VAT Identification numbers

  • Information on what is a VAT number, who needs one or who is issuing it.

 

Source ec.europa.eu

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