In case of the VAT margin scheme for travel agents, tax obligation arises also at the moment of making an advance payment. In case of an advance payment, the estimated costs of organizing a future specific trip should be taken into account to calculate the taxable base. Therefore, there is no need to wait until…...

Estimation of turnover in order to determine the VAT taxable base is allowed under the VAT Directive. However, the mechanism must comply with the principles of neutrality and proportionality. Thus, the method of estimation is allowed only in the case of failure to declare serious amounts, as well as in the case of estimation, the…...