Updates from the Federal Fiscal Court: Timing of VAT collection and constitutionality of late payment penalties

• The BFH has made two recent decisions regarding the timing of receipt according to § 13 Abs. 1 Nr. 1b UStG for transfers.
• The BFH has confirmed that late payment penalties are both constitutional and in accordance with EU law.

Source: datenbank.nwb.de

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.