The VAT expert's eye
If your company no longer has any use for some of its investment goods, it can decide to scrap or landfill them. But be careful. The destruction of such goods forming part of your company's assets must be duly proven or justified, and only the destruction of an asset decided on because of the objective loss of use of that asset can be taken into consideration. In other words, you need to be able to document their removal from your company's assets in accordance with the forms and deadlines applicable in each country in order to avoid any desire on the part of the local tax authorities to demand repayment of part of the VAT initially deducted.