VAT administration confirms requirement of correct invoice entry in simplified triangular traffic

Consequences of incorrect invoice entry 

The CJEU stated in the aforementioned judgment that the formal condition of a correct invoice entry does constitute an essential condition for the application of the simplified triangular traffic scheme, and that if this condition is not met, retroactive rectification is no longer possible.

As a result, the intermediary risks incurring VAT obligations in the EU member state of arrival of the goods and/or facing penalties in its member state.

With its Circular 2023/C/51 of 4 May 2023, the Belgian VAT administration is aligning itself with the recent case-law of the Court of Justice, adapting its previous administrative guidelines in this regard.  

 

Contact

If you are unsure whether you are applying this VAT simplification measure correctly, be sure to contact your VAT advisor. Our VAT experts are available for further advice or assistance.