Invoice correctly and secure input tax deduction

Requirements for a proper invoice

• Definitions of terms, general mandatory invoice information, special mandatory invoice information for cross-border situations, paper invoices and electronically transmitted invoices, issuing and storage obligations.

Consequences of an incorrect invoice

• Effects on the input tax deduction of the recipient, effects on any tax exemption of the supplier, additional VAT liability of the supplier in the event of incorrectly reported VAT, distinction between unjustified and incorrectly reported VAT.

Invoice correction

• Possibilities for invoice correction, requirements for an effective invoice correction, special requirements for the correction of incorrectly reported VAT, retroactive effect of an invoice correction.

Requirements for input tax deduction

• Principles, distinction between business and non-business areas, allocation of services to the business, input tax deduction for paper invoices and electronically transmitted invoices, input tax deduction for intra-Community acquisitions and where the recipient is liable for tax, time of input tax deduction.

Exclusion of input tax deduction

• Exclusion of input tax deduction for certain tax-free transactions, allocation of input tax for transactions entitling to input tax deduction and excluding input tax deduction, optimization of the input tax rate.

Input tax adjustment

• Adjustment of input tax deduction in the event of a change in the basis of assessment, legal basis for input tax adjustment in the event of a change in the circumstances relevant for input tax deduction, delimitation of the supplies and other services concerned, procedural regulations, options for avoiding an input tax adjustment.