- EU Court of Justice ruling impacts how VAT errors are corrected for retail businesses
- Businesses entitled to adjust VAT payments if incorrect higher rate was applied
- Case concerned Polish fitness service provider trying to recover overpaid VAT
- EU Court ruled tax authorities cannot deny VAT adjustments due to absence of invoices
- Principles of fiscal neutrality, effectiveness, and equal treatment underpin judgment
- Tax authorities can only deny VAT refund claim on grounds of unjust enrichment
- Decision reinforces fair VAT practices and right to correct VAT overpayments
- Significant for retail companies managing numerous consumer transactions and VAT rates
Source: linkedin.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
