VAT in Europe | Print

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This is the English-language successor volume to Value Added Tax in the EU (published in 4 editions to date) and, in addition to EU countries important for the German mechanical engineering industry, also contains 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 by specialist lawyers from the respective countries.

A company operating in the European single market must deal with the national tax laws of 27 member states. Otherwise, there is a risk of tax penalties, consequences of failure or loss of input tax deduction. This handbook deals with a topic that is particularly important for the mechanical and plant engineering sector: the VAT treatment of work and assembly services or, in other words, the VAT treatment of international project business.
Companies operating across borders are often unaware of the tax complexity of their business model and expect simple and practicable procedures across national borders that fade into the European single market. However, the reality is often different. Even though there is a harmonized VAT directive in the EU, the tax administrations of the member states see one of their highest-income taxes massively endangered by organized fraud, undeclared work and insolvencies. This leads to even more extensive reporting and liability obligations for companies and thus also to a constantly increasing financial and organizational effort in order to meet the often very different compliance obligations in the individual member states.

Edited by Ulrich Meißner and Günther Platzer with contributions by: 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 Štremfelj, Alexander Tauber, Sonja Wiesner, Adrian Wyss