- Consortium is an agreement where parties commit to jointly carry out a task
- Consortium agreement is not defined by law
- Consortium consists of independent legal entities
- Consortium is not subject to VAT, but transactions within the consortium may be subject to VAT taxation
- VAT group is different from consortium, as entities in a group are treated as one VAT taxpayer
- VAT settlement in consortium is challenging and each case should be analyzed individually
- Consortiums have clients, consortium leader, and other members
- Billing model involves each consortium member invoicing the client for the work done.
Source: zrozumvat.pl
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.