- AEAT publishes analysis on the refund of interest for undue income in relation to VAT
- Recent ruling by the Court of Justice of the European Union on a case involving denial of compensatory interest on refunded VAT
- Analysis of Directive 2006/112/EC on VAT in light of the case
- Reasons for the refund request include accounting errors and changes in accounting rules for municipal corporations
- Doubts raised by the referring court on whether the refunded amount was received in violation of EU law
- Obligation to pay interest arises from inability to use the amount paid incorrectly, regardless of the taxpayer’s responsibility
- Questions also raised on the modification of VAT distribution key
Source: audiconsultores-etlglobal.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.
