Information Asymmetries in EU VAT
Publisher: Wolters Kluwer; Kluwer Law International
Published: Jun 23, 2017
Language: eng
Format: hardcover
Number of pages: 520
ISBN-13: 9789041188373
Description: Information asymmetries in EU VAT' in its up-to-date overview of European Union (EU) value added tax (VAT) law assesses legislation, case law, and practice at both EU and national levels, in the process of examining how to minimize the risks and negative consequences associated with information asymmetries. Unlike conventional direct taxes, the application and administration of VAT depends to a considerable extent on the exchange of information between the taxable person and his transaction counterparts. In practice, the taxable person often fails to obtain necessary information from his transaction counterparts, giving rise to information asymmetries that can induce VAT assessments, sanctions, and audits.
Notes: Source title: Information Asymmetries in EU VAT (Eucotax Series on European Taxation) (Eucotax European Taxation)