VAT in Europe | Print

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This is the English-language follow-up volume to Value Added Tax in the EU (previously published in 4 editions) and, in addition to EU countries important for the German mechanical engineering industry, also includes third countries for the first time.

With country chapters on Belgium, Bulgaria, Germany, Estonia, France, Greece, Great Britain, Ireland, Italy, Latvia, the Netherlands, Norway, Austria, Poland, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland, the Czech Republic and Hungary, written by specialist lawyers from the respective countries.

A company operating in the European single market must deal with the national tax law of 27 member states. Otherwise, there is a risk of tax penalties, consequences of failure or the loss of the right to deduct input tax. This handbook deals with a topic that is particularly important for the mechanical and plant engineering industry: the VAT treatment of work and assembly services, or in other words, the VAT treatment of international project business.

Companies that operate across borders are often unaware of the tax complexities of their business model and expect simple and practical procedures across national borders, which are not always evident in the European single market. However, the reality is often different. Even though there is a harmonised VAT directive in the EU, the tax administrations of the member states see one of their highest-income taxes as being massively threatened by organised fraud, undeclared work and insolvencies. This has led to even more extensive reporting and liability obligations for companies, and thus to constantly increasing financial and organisational costs in order to meet the often very different compliance obligations in the individual member states.

Edited by Ulrich Meißner and Günther Platzer with contributions from: Anna Fábryová, Florin Gherghel, Cornelius Häusler, Martina Holzweber, Judit Jancsa-Pec, Jūlija Jokste, Szymon Lubina, Ulrich Meißner, Philippe Noirhomme, Tasos Panatsias, Roberto Peluso, Veselina Petkova, Jos Philips, Günther Platzer, Alice Salumets, Pascal Schultze, Jana Střelická, Jerneja Štre mfelj, Alexander Tauber, Sonja Wiesner, Adrian Wyss