In this update, we provide a summary of important VAT and Other Indirect Tax developments from October with implications for global business operations.
You can refer to previous editions here.
Sale of electricity through a network of electric car charging points
The CJEU clarifies the VAT treatment of electricity sold to car users through a network of charging points operated under a commission contract.
VAT recovery on share deal advisory costs
BidCos (holding companies set up for the acquisition of other companies) are generally considered non-taxable persons for VAT purposes, which is why their right to recover VAT on costs is limited.
New circular of the German Federal Ministry of Finance on e-invoicing requirements
As of 1 January 2025, e-invoicing will be mandatory for domestic transactions between businesses based in Germany.
VAT implications of a transfer of stock in the context of a business reorganisation between non-EU entities
If a transfer of a going concern between non-EU entities involving also the transfer of a stock in Italy occurs, the latter should be considered subject to Italian VAT as a mere transfer of goods, rather than as a component of a transfer of a going concern, which is out of scope for Italian VAT purposes.
The tax and legal interplay in (renewable) energy projects
Renewable energy projects often require a pipeline, electricity cable, transformer substation or entire solar parks to be located on, near or under someone else's property.
Significant differences identified by the Romanian tax authorities within the RO e-VAT pre-filled returns
A new obligation was introduced by the Romanian tax authorities as part of the digitalisation plan and consists of reconciliating data declared electronically by taxpayers. Significant differences with the tax authorities' data were identified.
UK FTT rules that the terms of the sightseeing passes were multi-purpose vouchers
UK FTT Rules: London Leisure Passes Are Vouchers
