- According to section 11, paragraph 1, number 4 of the VAT Act, the Tax and Customs Administration could require a company to provide security when there was a risk of non-payment of taxes and duties related to the company’s supply of goods or services in Denmark
- The company in question resold cars purchased in other EU countries with reverse charge for VAT
- The National Tax Tribunal found that the Tax Authority’s demand for security was justified and that the condition of risk of loss was met
- The calculation of the security amount was disputed, as it was based on incomplete financial information
- The National Tax Tribunal referred the calculation of the security amount back to the Tax Authority for further review.
Source: info.skat.dk
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.
Latest Posts in "Denmark"
- Denmark to Implement VAT on Leisure and Teaching Courses with New Tax Deduction
- Denmark to Abolish 25% VAT on Books to Combat Reading Crisis and Boost Literacy
- Director Sentenced for VAT Fraud: 1-Year Suspended Sentence and 650,000 DKK Fine
- Municipalities Denied Electricity Tax Reimbursement for Street Lighting Due to Lack of VAT Deduction Rights
- Bill Proposal: Amend VAT Exemption Rules for Education of Youth Under 30 by Ministry of Taxation
