Fundamentals of EU VAT Law

The Fundamentals of European VAT Law aims at providing a deep insight into the systematics, the functioning and the principles of the European value added tax (EU VAT) system. It reflects the latest state of affairs in EU VAT law since the previous edition. The VAT system rapidly changes and is responsible for generating over EUR 1000 billion per year in tax revenues across the EU – revenues that play a considerable role in budgetary policymaking in the Member States. The two main objectives of the book are to learn how the VAT system works and to understand the background and fundamental principles behind the EU VAT system. This extremely useful book provides not only a thorough description of the current state of EU VAT law but also a detailed explanation of the rationale of the system with a specific focus on various legislative provisions. It puts the elements of the system in perspective and shows how they are linked to each other.

What’s in this book:

The focus of the book lies on the rules of law which can be deduced from CJEU case law in the context of the provisions to which the cases relate. The systematic presentation covers such issues and topics as the following:

1. Sources of EU VAT law, including principles derived from CJEU case law;

2. Principles underlying the EU VAT system;

3. Relations among the layers of VAT law – primary and secondary EU law, national law;

4. How to apply the VAT legislation and case law;

5. Allocation of taxing rights (place of supply rules), including the VAT e-commerce package;

6. Invoicing requirements and other administrative obligations;

7. Exemptions, VAT rates and the taxable amount;

8. The right of deduction of input VAT; and

9. How far a national court must and can go in interpreting national provisions in light of the VAT Directive and the principles underlying the VAT system.

The book follows the structure of the VAT Directive/VAT determination scheme with additional topical chapters on immovable property, intra-Community transactions, importation and exportation of goods, and shares and other securities.

How this will help you:

With its detailed attention to the meaning and interpretation of the most prominent legislative provisions and court rulings, this book serves as an incomparable guide for practitioners. Its emphasis on the rationale and systematics of the EU VAT system make it an indispensable reference for all tax law professionals and researchers suitable for further research in the field of EU VAT law.

About the Authors

Preface

List of Abbreviations

CHAPTER 1
Introduction

CHAPTER 2
Taxable Persons

CHAPTER 3
Taxable Transactions

CHAPTER 4
Place of Supply

CHAPTER 5
Chargeable Event, Chargeability and Payment of VAT

CHAPTER 6
Taxable Amount

CHAPTER 7
Rates

CHAPTER 8
Exemptions

CHAPTER 9
Immovable Property

CHAPTER 10
Deduction of Input VAT

CHAPTER 11
Shares and Other Securities

CHAPTER 12
Person Liable to Pay VAT

CHAPTER 13
Intra-Community Transactions

CHAPTER 14
Importation and Exportation of Goods

CHAPTER 15
Administrative Obligations

CHAPTER 16
Special Schemes

Table of Cases

Index