VAT accounting on supplies of goods: The roundings debate rolls on
|Category|| Technical Articles
Article by Darren Stephens, indirect tax partner, Deloitte, and Kristina Peacock, senior associate, Deloitte litigation team. This article appeared in the April 2007 issue of Tax Adviser. The authors consider the impact of recent cases on the long-standing issue of 'roundings'. Recent UK examples are Topps Tiles
and the ECJ referral in Royal Bank of Scotland.
The Supreme Court of the Netherlands has also recently referred questions to the ECJ on this issue in the Ahold
April 2007 by
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