Indication on purchasing declaration ‘Margin scheme!’ too brief for application of margin scheme

• The Court of Appeal in ‘s-Hertogenbosch has ruled that X cannot use the margin scheme.
• X’s designation on the purchasing statements, “Margin scheme!”, is too brief and open to interpretation.
• Additionally, X has not provided sufficient evidence that the suppliers did not deduct the turnover tax as input tax.
• The inspector has imposed additional assessments for 2016 and 2017.
• The court has determined that the amount of the additional assessments was wrongly reduced in the first instance.
• Both X’s appeal and the inspector’s incidental appeal are justified.

Source Taxlive

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