Introduction to value added tax in the EC
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Introduction to value added tax in the EC with an integrated text of EC VAT directives and proposals towards 1992 : for tax advisers, accounting professionals, and financial executives by B. J. M. Terra

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Published by Kluwer Law and Taxation Publishers in Deventer, Boston .
Written in English



  • European Economic Community countries.


  • Value-added tax -- Law and legislation -- European Economic Community countries.

Book details:

Edition Notes

StatementB.J.M. Terra, Julie Kajus.
ContributionsKajus, Julie.
LC ClassificationsKJE7285 .T46 1991
The Physical Object
Paginationviii, 133 p. ;
Number of Pages133
ID Numbers
Open LibraryOL1503630M
ISBN 109065445668
LC Control Number93182944

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The value added tax (VAT) has spread around the world more quickly than any other new tax in modern history. This book covers value added tax and, in some parts, other consumption taxes in use or proposed in developing and developed countries. Tax on consumption generally refers to a tax on final consumption, consisting mainly of goods and. Introduction to Value added Tax in the EC after , With an Integrated Text of EC VAT Directives a n d the Directive on the Abolition of Fiscal Frontiers, by Ben J.M. Terra and Julie Kajus. VAT (Value added Tax) is a day- to-day reality within the European Com- munities. Twelve M e m b e r States levy VAT based on a "uniform basis of assess. Add tags for "Introduction to value added tax in the EC: with an integrated text of EC VAT directives and proposals towards for tax advisers, accounting professionals, and . VAT and cash flow There are a variety of opportunities to improve VAT cash flow and these typically involve deferring the payment of VAT due or improving the timing of recovery of VAT on costs, or both. For example, where your business imports a significant value of goods there may be import VAT deferment schemes.

The value-added tax (VAT) is a relatively new tax. It was designed by two people, independently, in the early 20th century. To Wilhelm Von Siemens, a German businessman, the VAT was a way to resolve the cascading problems that arose in implementing gross turnover taxes and sales taxes. The "pay now, argue later" rule in terms of section 36 of the Value-Added Tax Act prima facie infringes on a taxpayer's right of access to the courts as envisaged in section 34 of the Constitution. Unscheduled Introduction to European Value Added Tax This course is designed to provide participants with a framework of the most important VAT principles and issues which anyone dealing with value added tax in the European Union is confronted with and needs to understand. 1 Book Review VAT – AN INTRODUCTION by M C Botes ( pages) Juta & Co Ltd "Men prefer any load of infamy, however great, to any pressure of taxation, however light." - Sydney Smith () Globally, Value Added Tax (VAT) has become the most common indirect.

A value-added tax (VAT), known in some countries as a goods and services tax (GST), is a type of tax that is assessed incrementally. It is levied on the price of a product or service at each stage of production, distribution, or sale to the end consumer. If the ultimate consumer is a business that collects and pays to the government VAT on its products or services, it can reclaim the tax paid. Value-Added Tax The Panel developed and analyzed a proposal to adopt a value-added tax (VAT) that would replace a portion of both the individual and corporate income taxes. The VAT is a type of consumption tax that is similar to a retail sales tax but is collected in smaller increments throughout the production process. The book provides a handy introduction to the VAT system and highlights its many problem areas. Moreover, the book introduces the case law of the European Court of Justice (ECJ) in the VAT area and discusses the interpretative methods applied by the ECJ in its VAT jurisprudence. The book should also be extremely interesting for tax policy-makers. VAT is the third largest source of tax revenue collected by HMRC, after income tax and National Insurance Contributions. £bn of VAT was collected in , which was % of all taxes. This is the first Office of Tax Simplification review to focus specifically on VAT. It takes a high-.