Brexit will lead to a number of specific changes regarding VAT: Supplies of goods from EU to the United Kingdom will no longer qualify as intra-Community delivery of goods
VAT in Italy: deduction of input VAT that is charged too late. A European business, which is registered for VAT in Italy as a foreign entity, made a supply which was subject to Italian VAT. In first instance, an invoice with no VAT was addressed to the customer. It however appeared that it was a mistake and that local VAT had to be charged. As a consequence, the supplier decided to correct the invoice and regularize the situation a posteriori.
When a building contractor is operating a construction site in Belgium, he calls on (Belgian or foreign-) subcontractors on a frequent basis to undertake part or entirety of the work: … Read More