The profit margin scheme also for parts removed from end-of-life vehicles
2017-01-27
According to the Court of Justice of the European Union, parts removed from scrapped cars may meet a definition of ‘second-hand goods’, and therefore the supplies of such parts will be covered by the scope of application of the profit margin scheme. This is the conclusion of a judgment given on 18 January 2017 in Case C-471/15 Sjelle Autogenbrug I/S v Skatteministeriet.
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The Voucher Directive will regulate the way of VAT chargeability on vouchers
2017-01-27
Council Directive (EU) 2016/1065 of 27 June 2016 amending Directive 2006/112/EC as regards the treatment of vouchers will be applicable to vouchers issued after 31 December 2018. As of that date, respective national legislations should be implemented.