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Information Asymmetries in EU VAT


ISBN13: 9789041188373
Published: June 2017
Publisher: Kluwer Law International
Country of Publication: The Netherlands
Format: Hardback
Price: £158.00



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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.

What’s in this book:

As a result of his in-depth treatment of the subject, the author establishes the following:

  • to what extent information asymmetries in EU VAT have legal implications (e.g., VAT assessments, fines) for the taxable person;
  • to what extent information asymmetries should have legal implications for the taxable person, taking into account the legal principles applicable in EU VAT;
  • to what extent positive EU VAT law indeed implies the risk of information asymmetries and any associated unjustified legal implications; and
  • to what extent legal remedies should be employed to avoid or to reduce information asymmetries for the taxable person.
How this will help you:

This is the first book that thoroughly analyzes the causes and legal implications of information asymmetries in the context of EU VAT, as well as the instruments that can be employed to counter their materialization. As such, it will be of inestimable value to practitioners, legislators, policymakers, entrepreneurs, judicial professionals, and academics concerned with EU VAT law.

Subjects:
Taxation
Contents:
About the Author
Notes to the Reader
List of Abbreviations
Acknowledgments

Part I Introduction
Chapter 1 Introduction to the Research

Part II Conceptual Framework
Chapter 2 Conceptual Framework

Part III Legal Framework
Chapter 3 The Tax Information Position of the Taxable Person from a Legal Perspective

Part IV The (Legal) Implications of Horizontal Tax Information Asymmetries
Chapter 4 Introduction
Chapter 5 The General Implications of Horizontal Tax Information Asymmetries
Chapter 6 The Exploration of Legal Measures as Remedies Against Asymmetries
Chapter 7 The Legal Implications of Horizontal Tax Information Asymmetries
Chapter 8 A Situational Approach to the Legal Implications of Asymmetries
Chapter 9 The Normative Dimension of the Conduct of the Taxable Person
Chapter 10 Summary and Conclusions

Part V Tax Information Asymmetries in Connection with the Substantive Norms of Taxation
Chapter 11 Introduction
Chapter 12 Substantive Norms: The Taxable Person
Chapter 13 Substantive Norms: The Taxable Transaction
Chapter 14 Substantive Norms: The Place of Supply
Chapter 15 Substantive Norms: The Taxable Amount
Chapter 16 Substantive Norms: The Reduced VAT Rates and Exemptions
Chapter 17 Substantive Norms: The Chargeable Event, Chargeability and Liability
Chapter 18 Substantive Norms: The Right of Deduction

Part VI Summary, Conclusions and Recommendations
Chapter 19 Summary and Conclusions
Chapter 20 Recommendations and Reflections

List of Cited and Consulted Sources
Table of Cases
Index