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Taxation of a partial refund of capital share to partners in a partnership

2017-01-23

A partner in a partnership may have his contribution to the partnership partially refunded by reduction of his capital share. The regulations which are currently in force do not specify detailed rules for taxation of payments made on that account to partners.

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The profit margin scheme also for parts removed from end-of-life vehicles

2017-01-27
According to the Court of Justice of the European Union, parts removed from scrapped cars may meet a definition of ‘second-hand goods’, and therefore the supplies of such parts will be covered by the scope of application of the profit margin scheme. This is the conclusion of a judgment given on 18 January 2017 in Case C-471/15 Sjelle Autogenbrug I/S v Skatteministeriet.
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The Voucher Directive will regulate the way of VAT chargeability on vouchers

2017-01-27

Council Directive (EU) 2016/1065 of 27 June 2016 amending Directive 2006/112/EC as regards the treatment of vouchers will be applicable to vouchers issued after 31 December 2018. As of that date, respective national legislations should be implemented.

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