Adjustment of output VAT in EU law
(2014) HARN60 20141Department of Business Law
- Abstract
- The VAT Directive does not include any provisions for the issuer of invoice to be able to adjust invoices issued incorrectly. Neither is there a provision pointing out conditions to be complied with in order to adjust VAT charged correctly. This article examines possibilities under which it is possible for the issuer of invoice to correct output VAT in case of non-payment of consideration.In times of economic difficulties, the topic of the adjustment of output VAT is of considerable significance. It is vital for businesses to be able to adjust both, incorrectly charged VAT, let alone VAT charged correctly, but for reasons out of control of taxable person not paid to him.
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/4456347
- author
- Greenbaum, Inger LU
- supervisor
- organization
- course
- HARN60 20141
- year
- 2014
- type
- H1 - Master's Degree (One Year)
- subject
- keywords
- output VAT, adjustment, incorrectly, correctly, good faith, risk of loss of tax revenue, unjust enrichment, fiscal neutrality, character of VAT
- language
- English
- id
- 4456347
- date added to LUP
- 2014-06-16 16:29:22
- date last changed
- 2014-06-16 16:29:22
@misc{4456347, abstract = {{The VAT Directive does not include any provisions for the issuer of invoice to be able to adjust invoices issued incorrectly. Neither is there a provision pointing out conditions to be complied with in order to adjust VAT charged correctly. This article examines possibilities under which it is possible for the issuer of invoice to correct output VAT in case of non-payment of consideration.In times of economic difficulties, the topic of the adjustment of output VAT is of considerable significance. It is vital for businesses to be able to adjust both, incorrectly charged VAT, let alone VAT charged correctly, but for reasons out of control of taxable person not paid to him.}}, author = {{Greenbaum, Inger}}, language = {{eng}}, note = {{Student Paper}}, title = {{Adjustment of output VAT in EU law}}, year = {{2014}}, }