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Can input VAT be recovered prior to the making of taxable supplies? PETER MASON explains recent changes in the ECJ’s approach
KEY POINTS
- Can VAT incurred before registration etc be recovered?
- Is Reg 111 of the VAT Regulations ultra vires?
- Recent European case law developments.
- Is there be a ‘limbo’ status as far as input VAT is concerned?
- Similar resource expenditure must be treated similarly.
If you are a ‘Stakahnovite’ you work very hard and selflessly to increase production in furtherance of a given cause.
The term comes from the example of Alexey Grigoryevich Stakhanov who in 1935 in the Soviet Union mined 102 tons of coal in fewer than six hours which was 14 times his quota.
Importantly all those opposed to the Stakhanovite movement were labeled ‘wreckers’.
Comrades I bring you news from the eastern front of the European Union Poland and Bulgaria...
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