To deduct VAT, a correct VAT invoice is required with certain fields completed correctly, such as date, invoice number, customer and supplier details, description of goods or services, payment date, VAT rate, net, VAT value, and total. However, for Travel and Entertainment expenses, employees may not be aware of the rules or have receipts with enough space for all the required fields. Some countries allow for Simplified VAT Invoices to be used for deduction, with varying rules and thresholds. Customer name and address are not always required, but supplier fields such as VAT % and ID may vary by country.
Source Richard Haye
Latest Posts in "European Union"
- ECJ Upholds Czech Joint VAT Liability in Fuel Fraud Case, Validates EU Law Compliance
- CJEU Rules on VAT for Transfer Price Adjustments in Arcomet Towercranes Case C-726/23
- Agenda of the ECJ VAT cases – 4 AG Opinions, 1 Hearings till October 10, 2025
- CJEU Ruling: VAT Applies to Intra-Group Transfer Pricing Adjustments in Arcomet Case
- Non-Payment of Declared VAT Not Considered VAT Fraud, Says Advocate General Kokott
