Ruling: VAT effects of settlements between consortium members made as part of a joint venture

Questions

1) Will the settlements between the Consortium Members made as part of the Joint Undertaking not be subject to VAT and thus should be made on the basis of accounting documents other than invoices, e.g. accounting notes?

2) Will Consortium Member 1, Consortium Member 2, Consortium Member 3 and Consortium Member 4 be entitled to deduct VAT resulting from invoices issued to them by the Applicant in the scope of mutual settlements made as part of the Joint Undertaking?

Source: lex.pl

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