.png)
.png)
Does the VAT default surcharge regime achieve its purpose?
KEY POINTS
- Basic overview of the default surcharge regime.
- Individual surcharge may be disproportionate but the default surcharge system is not fundamentally flawed.
- In the Equoland judgment the CJEU discusses the concept of proportionality of penalties.
- The default surcharge regime was designed to improve revenue flow.
- Possible alternatives to the present system.
After I had served two years as an audit trainee an instructor on an in-house course told me I was supposed to put a specific objective at the top of every working paper – it was important to define the purpose of each procedure.
This was an epiphany: I gave up auditing shortly afterwards. It was too hard to think of any good reason for most of what I was asked to do.
For some reason...
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
