Special schemes. Taxable transactions -- Place of supply -- Chargeable event, chargeability and payment of VAT -- Taxable amount -- Rates -- Exemptions -- Immovable property -- Deduction of input VAT -- Person liable to pay VAT -- Intra-community transactions -- Importation and exportation of goods -- Administrative obligations -- Special schemes.
Summary:
"Value added tax (VAT) is responsible for generating approximately €903 billion per year in tax revenues across the European Union - revenues that play a huge role in budgetary policymaking in the Member States. This...book provides not only a thorough description of the current state of EU VAT law, but also a detailed explanation of the system's rationale and its legaslative provisions. It puts the elements of the system in perspective and shows how they are linked to each other. The focus lies on the rules which can be deduced from the sources of EU VAT law and their application in practice...The book follows the structure of the VAT Directive/VAT determination scheme, with additional topical chapters on immovable property, intra-Community transactions, and importation and exportation of goods."-- Back cover.
This resource is supported by the Institute of Museum and Library Services under the provisions of the Library Services and Technology Act as administered by State Library of Iowa.