turnover tax

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Turnover Tax

A tax paid on a good during or after its manufacture, rather than when it is sold. It is usually calculated as a percentage of the value of a good.

turnover tax

see VALUE-ADDED TAX.

turnover tax

see SALES TAX.

Mentioned in ?

Sales tax

References in periodicals archive ?

After inspection, the French tax authorities claimed 12,814 in unpaid turnover taxes for deposits they say are subject to VAT.

TAXATION : DEPOSITS MUST BE SUBJECT TO VAT IN THE HOTEL AND RESTAURANT SECTOR

- Council Decision 98/23/EEC authorising the United Kingdom to apply a measure derogating from Article 28e(1) of Directive 77/388/EEC on the harmonisation of the laws of the member states relating to turnover taxes.

TAXATION : VAT: SIMPLIFICATION OF EXEMPTIONS PUT ON HOLD

There is well-established case-law on the conditions under which a national tax breaches the prohibition on levies other than those not characterised as turnover taxes. There is reason to believe that the Court may be considering reviewing, clarifying or developing these criteria.

TAXATION / COURT OF JUSTICE : ECJ ADVOCATE-GENERAL VIEWS ITALIAN REGIONAL TAX AS ILLEGAL

Article 27 of the Sixth Directive on turnover taxes (77/388/EEC) says a member state may be authorised to introduce special measures for derogation in order to simplify the procedure for charging the tax or to prevent certain types of tax evasion or avoidance.

WASTE SECTOR IN SPAIN, ITALY AND NETHERLANDS TO GET LONGER VAT DEROGATIONS

The entire IRAP system is currently being examined by the Court of Justice, which has been asked to give a preliminary ruling on the legality of this tax given the EU's ban on national turnover taxes other than VAT.

EMPLOYMENT: COMMISSION APPROVES ITALIAN FISCAL INCENTIVES FOR JOB CREATION

The Act of Accession of the United Kingdom provides that Community acts on the harmonisation of legislation of member states concerning turnover taxes do not apply to Gibraltar.

COURT CONSIDERS THAT UK MUST APPLY VAT DIRECTIVE IN GIBRALTAR

According to an EU directive on turnover taxes (77/388/EEC), the operation of games of chance must, as a rule, be exempt from VAT, although member states have some scope for determining the conditions and limitations to which the exemption can be applied.

TAXATION: VAT MUST APPLY TO BOTH PUBLIC AND PRIVATE GAMBLING, COURT SAYS

Interpretation of articles on the harmonisation of the laws of the Member States relating to turnover taxes .Common system of value added tax: uniform basis of assessment: transactions carried out with the sole intention of obtaining a tax advantage

CASES IN THE EUROPEAN COURT OF JUSTICE

The EU Council of Ministers has authorised the UK to make an exemption on turnover taxes (Sixth VAT Directive 77/388/EEC) in order to prevent the avoidance of VAT through the undervaluation of supplies in the motor vehicle trade.