The prerequisite conditions for the existence of vat neutrality are therefore identified herein along with an overview of the vat mechanism demonstrating that the concept of neutrality is built into the vat system in a manner that allows for the preservation of the natural functioning of the market. Tax neutrality is a widely accepted concept in principle in practice however tradeoffs between different concepts of neutrality and different goals can be difficult to resolve. Vat european legal principles produced in partnership with tienne wong of tax chambers 15 old square vat is a european tax council directive 2006 112 ec the vat directive lays down the infrastructure for a common vat vat and abuse of rights fiscal neutrality the principle of fiscal neutrality is a eu legal principle that is . Vat a new dawn for the principle of fiscal neutrality rita de la feria oxford university centre for business taxation sad business school park end street. The european court of justice has provided its judgement on 12 july in relation to a bulgarian tax office disallowing input vat deduction the judgement although not clearly definitive opens the door for businesses to appeal against tight rulings precluding vat neutrality this can be the case when vat accounting
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