IVA Webinar - March 14th 2018
The webinar took place on 14th March at 11 CET.
Main topic of the webinar: Call –off stocks and Consignment stocks. Current and the proposed future situation
Speakers: Fernnado Matesanz from Spanish VAT Services (Spain) and Alexandre Savary from Tevea (France)
Description of the topic: Keeping stocks of goods in another country in order to be able to rapidly supply its customers is a very common business logistical structure.
Under the general EU VAT rules, the setting-up and holding of and these stocks of goods will in many cases imply VAT compliance obligations in different countries.
However, some Member States have special simplification rules for Call-off stocks and Consignment stocks shipped from other member states. What are these rules and when do they apply?
How should Call-off stocks and Consignment stocks transactions be reported in a VAT return, in the country of departure and that of where the stock is held?
The current situation will significantly change following the adoption of the proposal for a Council Directive amending the current VAT Directive. What are these new rules that are being proposed? Will the future “Certified Taxable Person” status affect the VAT treatment of these transactions?
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