Italy VAT
Reduction to statute of limitations Resulting from the publication of ‘Manouvrina decree’, the statute of limitations for VAT deduction in Italy has been reduced. Going forward, VAT deduction will only... Please Read More
Poland considers VAT split payments from 2018
Voluntary VAT split payments system is being considered by Poland, introducing from 2018. This measure, which will include customers paying VAT into a unique, locked bank account, is intended to... Please Read More
e-Book VAT reduction backed by EU committee
An important EU Parliamentary committee has voted to back the European Commission (EC) suggestions to decrease VAT on electronic books to the same rates as their paper equivalent. The full... Please Read More
VAT rises ruled out ahead of UK elections
The current Conservative government and the main opposition Labour party recently ruled out future rises in VAT ahead of June’s election. Since the 10%+ debit from the financial crisis, the... Please Read More
More than 35,000 micro-businesses drawn into Brexit EU VAT net
It is estimated that 35,755 UK micro-business selling over the internet into Europe face being drawn into the EU VAT net for the first time following Brexit. Cost could reach... Please Read More
OECD – International VAT/GST Guidelines
Recently the OECD VAT/GST Guidelines established further validation at the 4th OECD Global Forum on VAT. These guidelines make available a wide-ranging structure of standards and principles for countries around... Please Read More
Italy – VAT split payments extended
The European Commission has granted Italy approval to continue using anti VAT fraud split payments regime with state organisations, and to extend the measures to state-owned companies and stock market... Please Read More
EU – general reverse charge delayed
The European Commission (EC) has put on hold the proposal for the voluntary introduction of the general reverse charge mechanism to combat VAT fraud. At this week’s ECOFIN meeting of... Please Read More
The Czech Republic – changes to VAT
The following changes with proposed effectiveness from 1st April, 2017. The obligation to declare VAT in the case of a received advance payment will arise only in case that the... Please Read More