ÀÏ˾»úÎçÒ¹¸£Àû

VAT in the EU


Produced by a Tolley Value Added Tax expert
Value Added Tax
Guidance

VAT in the EU


Produced by a Tolley Value Added Tax expert
Value Added Tax
Guidance
imgtext

This guidance note relates to VAT in the EU. For guidance relating to VAT and sales taxes outside the EU, please refer to the VAT outside the EU guidance note.

The main EU VAT legislation

The main legislation relating to the common European VAT system, which the national VAT legislation of each EU country must comply with, is Directive 2006/112/EC (OJ L 347). This legislation is often referred to as the Principal VAT Directive (PVD). The PVD sets out the VAT rules applicable to all EU countries and it also sets out where there is flexibility for each EU country to make its own decisions in relation to VAT.

Which territories are affected by EU VAT?

The EU VAT territory is made up of 27 member states. In certain related territories, for example the Faroe Islands of Denmark, the related EU member state may choose:

  1. •

    not to apply any VAT

  2. •

    to apply different VAT rates under different conditions than in the rest of its territory

  3. •

    to apply the same VAT rates

Continue reading the full document
To gain access to additional expert tax guidance, workflow tools, generative tax AI, and tax research, register for a free trial of Tolley+â„¢
TAKE A FREE TRIAL NOW
Powered by
  • 23 Apr 2024 07:40

Home/ Tolley Tax Guidance/ Value Added Tax / Doing business internationally

Popular Articles

Corporation Tax

Corporate interest restriction ― administrative aspects

Corporate interest restriction ― administrative aspectsThe corporate interest restriction (CIR) regime has some specific administrative rules in addition to the general administrative requirements for corporation tax returns. This guidance note does not include commentary on provisions that are

14 Jul 2020 11:19 | Produced by Tolley Read more Read more
Trusts and Inheritance Tax

Bare trusts ― income tax and CGT

Bare trusts ― income tax and CGTThis guidance note explains how trustees of bare trusts are treated for income tax and capital gains purposes. Although a bare trust is, in equity, a type of trust, for both income tax and capital gains tax purposes its existence is transparent. This means that no tax

14 Jul 2020 15:34 | Produced by Tolley Read more Read more
Corporation Tax

Terminal trading loss relief

Terminal trading loss reliefTerminal loss relief for trade losses in the final 12 monthsTrading losses incurred by a company in the final 12 months leading up to the discontinuance of trade may be carried back for up to three years from the period beginning immediately before that 12-month period.

14 Jul 2020 13:49 | Produced by Tolley Read more Read more