VATupdate

Share this post on

Tax Penalty for VAT Reduced Due to Incidental Carelessness; Court Lowers Fine to €1,500

    A company failed to file and pay VAT for 2020 and 2021, resulting in a tax assessment, interest, and a 10% late payment penalty (€4,480). The court upheld the tax and interest but reduced the penalty to €1,500, finding the non-payment was an isolated incident and the company eventually complied after being notified. The company received compensation for legal costs.

Source: btwjurisprudentie.nl

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.



Sponsors:

VATIT Compliance
Pincvision

Advertisements:

  • Basware
  • Exchange Summit
  • Pincvision