Knowledge Base: E-commerce Accounting and VAT Compliance

UK – changes to VAT

United Kingdom raises VAT Registration Threshold On 8th March, 2017 the UK Chancellor announced in his Spring Budget that the annual VAT ‘Registration Threshold’ will rise from £83,000.00 to £85,000.00, with the ‘De-Registration Threshold’ also...
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Belgium ends monthly VAT pre-payments

Date08 Mar 2017
Taxpayers in Belgium will no longer be required to submit monthly pre-payments if already providing quarterly VAT returns. Currently, if a business’ annual turnover is below 2.5 million EUR and the value of intra-Community supplies...
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Italy updates VAT filings

New requirements for 2017 Italian filing obligations. This has been re-designed instead of being monthly payments and one annual return, it will now be changed to quarterly returns along with quarterly electronic invoice submissions. For...
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Swiss cuts VAT rate 2018

Date07 Mar 2017
Switzerland had a temporary 8% VAT rate and may be now returning to pre-2011 rate of 7.7%. In 2014, in a public referendum the higher rate was voted in to fund certain public spending on...
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