- The company Faraday challenged VAT reassessments for the period 1 Jan 2016 to 31 Dec 2017, arguing the tax authorities wrongly increased both output VAT and deductible VAT adjustments.
- It claimed a double taxation issue for EUR 50,934.28 paid as a VAT regularization in January 2018 following a 2017 VAT reassessment.
- It also argued the administration failed to prove that a VAT deduction adjustment of EUR 49,732 made in April 2017 had to be carried out by 31 Dec 2015.
- The dispute is part of broader tax reassessments also involving corporate income tax, withholding tax, and CVAE.
- The appeal sought cancellation of the VAT reassessments and related penalties, but the initial court had rejected Faraday’s claims.
Source: legifrance.gouv.fr
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.
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