- A company trading in youngtimer cars and luxury watches applied the Dutch VAT margin scheme (globalisation scheme).
- Because its annual profit margins were negative, the tax authorities issued “negative annual balance” assessments, including €104,883 for 2018 and similar assessments for 2019–2022.
- The company did not object to the 2018 assessment, but after audits the inspector corrected the 2019–2022 negative balance determinations.
- The company appealed the corrections.
Source: futd.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.
