Advanced

The link between the incurrence of customs debt and VAT - and the consequences and impact thereof

Shaaban, Ossama LU (2015) HARN60 20151
Department of Business Law
Abstract
The link between the incurrence of a customs debt and the incurrence of the Value Added Tax on importation, have a parallel nature, as they arise from the importation of goods into the territory of the Community. This link is a result of Article 71 (1) of the VAT Directive. This article authorises member states to link the chargeable event and the chargeability of VAT on importation of goods with those laid down for customs duties, under the customs legislations. This link can be seen obviously in the introduction of illegal, unlawful and stolen goods into the Community. Therefore, the incurrence/extinction of the customs debt will have an impact on the import VAT. The incurrence of the customs debt under the Articles 203 and 204 of the... (More)
The link between the incurrence of a customs debt and the incurrence of the Value Added Tax on importation, have a parallel nature, as they arise from the importation of goods into the territory of the Community. This link is a result of Article 71 (1) of the VAT Directive. This article authorises member states to link the chargeable event and the chargeability of VAT on importation of goods with those laid down for customs duties, under the customs legislations. This link can be seen obviously in the introduction of illegal, unlawful and stolen goods into the Community. Therefore, the incurrence/extinction of the customs debt will have an impact on the import VAT. The incurrence of the customs debt under the Articles 203 and 204 of the Community Customs Code, will be subject to changes under the Union Customs Code. This will have an impact on both the customs debt and the import VAT. (Less)
Please use this url to cite or link to this publication:
author
Shaaban, Ossama LU
supervisor
organization
course
HARN60 20151
year
type
H1 - Master's Degree (One Year)
subject
keywords
import VAT, customs debt, custom duties, principle of fiscal neutrality, the right to deduct, illegal goods, unlawful introduction of goods, stolen goods, CCC, UCC
language
English
id
5435439
date added to LUP
2015-06-12 16:19:09
date last changed
2015-06-12 16:19:09
@misc{5435439,
  abstract     = {The link between the incurrence of a customs debt and the incurrence of the Value Added Tax on importation, have a parallel nature, as they arise from the importation of goods into the territory of the Community. This link is a result of Article 71 (1) of the VAT Directive. This article authorises member states to link the chargeable event and the chargeability of VAT on importation of goods with those laid down for customs duties, under the customs legislations. This link can be seen obviously in the introduction of illegal, unlawful and stolen goods into the Community. Therefore, the incurrence/extinction of the customs debt will have an impact on the import VAT. The incurrence of the customs debt under the Articles 203 and 204 of the Community Customs Code, will be subject to changes under the Union Customs Code. This will have an impact on both the customs debt and the import VAT.},
  author       = {Shaaban, Ossama},
  keyword      = {import VAT,customs debt,custom duties,principle of fiscal neutrality,the right to deduct,illegal goods,unlawful introduction of goods,stolen goods,CCC,UCC},
  language     = {eng},
  note         = {Student Paper},
  title        = {The link between the incurrence of customs debt and VAT - and the consequences and impact thereof},
  year         = {2015},
}