Download or read book VAT Information Asymmetries in the Context of Intra-EU Trade in Goods written by F.J.G. Nellen and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In this contribution, the author explores the legal implications associated with information deficits relating to intra-Community (EU) trade in goods. The purpose of this contribution is to establish to what extent taxable persons forming part of an intra-Community supply chain should be confronted with legal implications such as VAT assessments and fines whenever they are subject to an information asymmetry which prevents them from applying VAT in line with the legal requirements. Firstly, in Section 2 of this contribution, the author defines the concept of 'information asymmetry' and apply it to the context of (EU) VAT. In Section 3, he explores the legal implications of information asymmetries in intra-Community trade in goods, and further address the question to what extent the taxable person should be confronted with them. Finally, in Section 4, the author provides various remedies that may contribute to the structural reduction of information asymmetries in practice.