In case T-233/25, the General Court of the European Union clarifies that the right to reduce the VAT taxable amount under Article 90(1) of Directive 2006/112/EC, and consequently to issue a credit note, remains with the person liable for the VAT arising from the original transaction. The assignment of the receivable does not transfer to the assignee either the obligation to account for VAT or the corresponding right to adjust the taxable amount at a later stage. The judgment therefore confirms the approach already established in Italian administrative practice and case law.
Published in La Circolare Tributaria no. 22-23/2026 by Euroconference.
