Schedule a free videoconference with the author VAT triangulation regime – danger ! The Author of the Article Bernard Ickowicz + 32 (0) 4 96 52 60 06 bernard.ickowicz@vatdesk.eu Schedule … Read More
When a company ceases trading, the question arises as to whether the VAT initially deducted on capital expenditure should be repaid. Traditionally, it had been accepted that a company did not have to regularize VAT when it could demonstrate that it had intended to carry on an economic activity, but had been unfortunate in its business dealings. A European case has now turned this idea on its head.
Accepting a defective invoice from your supplier means exposing yourself to a loss of VAT deduction, a penalty that can quickly weigh heavily on a company’s finances
It is not uncommon for companies to make errors in their VAT returns. Two types of penalty are possible, depending on the nature of the error: administrative fines and/or late payment interest.
This is an article about correcting VAT return errors in Denmark. It discusses how to make corrections and the penalties for late payments. Companies must report VAT transactions in the country where they occur. If a mistake is made, a corrective VAT declaration can be submitted. However, Denmark charges late payment interest on corrections. The interest is 0.7% per month and is charged from the original due date. To avoid penalties, businesses should carefully review their VAT transactions.
This article explores VAT return filing in Germany, including deadlines and extension possibilities. The standard deadline is the 10th of the month following the taxable period (monthly or quarterly). Businesses can apply for a one-month extension with a prepayment requirement. Understanding these regulations and potential penalties for late filings is crucial for businesses operating in Germany. European VAT Desk offers expert guidance on German VAT compliance, including filing, extensions, and deadline management.
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