If tax regulations provide an explicit method for calculating interest on late VAT refunds, interest cannot be limited by reference to such standards as the principle of reasonableness, equity, or actual losses incurred by the taxpayer…. This content is for Full Membership members only. Want to read background, core of the problem, conclusion and more?...

National legislation which excludes the payment of interest on late VAT refunds solely because the taxpayer has been fined is contrary to EU law…. This content is for Full Membership members only. Want to read background, core of the problem, conclusion and more? Sign up for free!Already a member? Log in here...