An entrepreneur deals in second-hand watches and telephones. He calculates the VAT due on the basis of the margin scheme. The inspector states that merely mentioning the ‘margin scheme’ on the purchase declarations is insufficient for the application of that scheme. Nor is it plausible that the suppliers did not deduct the input VAT invoiced to them. The Court of Appeal of Den Bosch ruled that the inspector was right to refuse the margin scheme.
Source: www.fiscount.nl
Latest Posts in "Netherlands"
- Zero rate refused at car dealer due to inadequate evidence
- No deduction of input tax for legal expenses of DGA
- Bill to Implement EU VAT in the Digital Age Directive: Single VAT Registration Provisions
- Sale of Building Plots Is a VAT-Taxable Business Activity, Not a Private Transaction, Court Rules
- Registration fees of victims of a lottery compensation for services for consideration
