The implementing regulations to the EC VAT Directive have resulted in an interpretation issue with VAT fixed establishments. Björn Ahrens and Michael Häring of PwC explain why the German tax authorities’ interpretation of the term is at least misleading and what the practical consequences of such interpretations might be.
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The new guidance is not meant to reflect a substantial change to UK law, but the requirement that tax advice is ‘likely to be correct’ imposes unrealistic expectations
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