This circular contains additions and amendments to circular 2020/C/50 of 02.04.2020 .
intra-Community supply; intra-Community acquisition; transmission ; triangular traffic ; intra-Community triangular traffic ; assimilated to an intra-Community acquisition
This circular provides updates and changes to circular 2020/C/50 of 02.04.2020 regarding intra-Community supply, acquisition, transmission, triangular traffic, and the VAT reverse charge mechanism. Point 7.4.3.3.5 is amended to require the statement “VAT shifted” on invoices when the customer is responsible for paying VAT. The optional triangular traffic simplification requires this statement to ensure the end customer is aware of their tax obligations. The statement “VAT reverse charged” is necessary for the simplification scheme, and omitting it invalidates the final customer’s designation as the person liable for VAT. Point 7.4.4.3.5 is also amended to require the “VAT shifted” statement on invoices when Belgium is the supplier’s Member State. The text further emphasizes the importance of the “VAT reverse charged” statement and notes that correcting an omitted “VAT shifted” statement after the fact is not possible. The remaining points of Circular 2020/C/50 are not included in this condensed version.
Source Fisconet
