The European Court of Justice (ECJ) recently ruled on a case concerning VAT relief for taxable bad debt in Hungary.
The Case
In the case, a Hungarian supplier delivered a shipment of rapeseed to its customer, but the costumer ultimately did not pay for the shipment and agreement was made to return the goods. The goods, however, were not returned and as a result the supplier took civil action. The judgment for the civil action was that the customer either return the goods or make a payme…