In an article published recently in the Umsatzsteuer-Rundschau (UR 2020, page 703 et seq.), Ursula Slapio and Kathrin Feil, both Partners in KPMG’s Indirect Tax Services service line, have put up for discussion practical issues up that arise as a result of the temporary VAT rate reduction from 1 July 2020 to 31 December 2020, in connection with the system of taxing single- purpose vouchers. In the process it is demonstrated that the targeted issuance of single- purpose vouchers can be of benefit, although existing legal uncertainties must be considered in individual cases.
Source: KPMG Germany
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