15 November 2022 - On 11 November 2022, the Supreme Court ruled in the woollen fabric factory case. The former woollen fabric factory has not been in operation since 1982, has then fallen into decay and has since been rebuilt. The issue at hand is whether, after the rebuilding of the woollen fabric factory, there is 'essentially new construction' for VAT purposes.
11 November 2022 - On 4 November 2022, the Supreme Court answered preliminary questions from the district court of Zeeland-West Brabant on the interpretation of the concept of 'essentially new construction' for VAT purposes. 'Essentially new construction' occurs when an essentially new building is created after renovation work on an existing building. The delivery of the transformed building is then...
26 April 2022 – The European Commission published a draft Anti-Tax Avoidance Directive – commonly known as ATAD3 – which seeks to prevent the misuse of so called ‘Shell Companies’ for tax purposes. ATAD3 may already impact your real estate structures, holding structures and financial investment structures as the review period has already started as from 1 January 2022.
Do you want to ensure that you make optimum use of VAT and customs legislation, while not running any unnecessary risks? The specialists of the Forvis Mazars VAT and Customs Group will be happy to help.