with No Comments

The VAT expert's eye

Although invoices should normally be clear and complete documents, they are regularly neglected by the parties and become enigmas that even specialists struggle to decipher. The result is that invoices, which should be an ally of every business, are becoming a source of dispute with the tax authorities.

The above-mentioned case, although favorably concluded, remains a powerful warning signal for all companies. In the end, it took the company more than 13 years to recover € 80,000 in VAT !

In order to avoid costly and time-consuming disputes over the right to deduct VAT, it is essential for a company's tax and accounting department to request - from the outset - correct invoices from suppliers. One of the best ways of achieving this is to draw up sufficiently clear and precise purchase orders in advance, in consultation with the purchasing department.