Luxembourg, 13/01/2006 (Agence Europe) - Companies unwittingly party to carousel fraud are entitled to reimbursement of input VAT paid. 'Carousel fraud' consists of a chain of supplies of goods in which a VAT defaulting trader is involved. In a press release, the Court of Justice explains in connection with joined cases Optigen
, Fulcrum Electronics and Bond House Systems (exporters of computer chips) against the Commissioners of Customs and Excise in the UK (the companies unwittingly...