Early termination penalty subject to VAT?

The Court of Justice of the EU (CJEU) in its judgement C-295/17 (MEO – Serviços de Comunicações e Multimédia SA) dealt with the question whether a fee received for early termination of a contract is subject to value added tax.

The end of the present EU VAT system approaching?

Late in May this year, the European Commission submitted a proposal to amend the VAT Directive, outlining the definitive (final) VAT…

Can we look forward to new VAT rates?

In mid-January, the European Commission submitted a proposal to amend VAT rate rules and adopt a number of VAT measures that…