BREXIT – UK VAT and potential tax opportunities
Date26 Apr 2017
The concerns around Brexit has been dominated by the potential negatives and uncertainties facing the UK economy as it arranges to leave the European Union. This has been compounded in...
Reading time: 2 min
VAT fiscal representative updated in France
Date24 Apr 2017
France has recently updated the list of non-EU countries whose businesses are required to appoint a French fiscal representative if they are French VAT registered. One of the countries which...
Reading time: 1 min
UK – VAT split payment system
Date24 Apr 2017
Recently the UK government launched a consultation on the use of split VAT payments for the e-Commerce industry. This split payment mechanism consists of the customer paying the VAT share...
Reading time: 1 min
UK – VAT measures announced in the Budget
Date19 Apr 2017
The Chancellor announced in the UK Spring Budget new measures for tackling VAT avoidance and evasion, together with an increase in the registration and de-registration thresholds.VAT AvoidanceThe elimination of the...
Reading time: 2 min
Belgium – Quarterly VAT prepayments
Date18 Apr 2017
From 1st April, 2017 taxpayers who currently making quarterly prepayments for Value Added Tax (VAT), will no longer be required to do so the Belgian Minister of Finance, Johan Van...
Reading time: 1 min
France – Amazon letters on VAT obligations
Date14 Apr 2017
Online businesses selling their products to French customers will have received a letter last week with a summary of all their sales in France during the last year. This letter...
Reading time: 1 min
Italy has announced new VAT reporting
Date13 Apr 2017
Two interim changes have been ratified to the new 2017 VAT reporting regime by the Italian parliament. Formerly, Italian VAT registered companies normally paid monthly VAT due with an annual...
Reading time: 1 min
EU – general reverse charge delayed
Date31 Mar 2017
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...
Reading time: 1 min
The Czech Republic – changes to VAT
Date24 Mar 2017
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...
Reading time: 1 min
EU – general reverse charge update
Date23 Mar 2017
European Union (EU) member states have continued to discussion the planned introduction of an anti-fraud general reverse charge mechanism. In order to reduce VAT fraud, the EU is trying to...
Reading time: 1 min
UK – changes to VAT
Date22 Mar 2017
United Kingdom raises VAT Registration ThresholdOn 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...
Reading time: 1 min
The European Court of Justice (ECJ) says no to e-Book reduction in VAT
Date21 Mar 2017
The ECJ on 7th March, 2017 ruled (Case C-390/15) that e-Books are not entitled to the same reduction in EU VAT rates similar to printed books.The ECJ decided that having...
Reading time: 1 min
European Court of Justice (ECJ) new ruling on VIES number requirement
Date15 Mar 2017
Recently the ECJ presented a ruling that will make registering in the VIES database more flexible, in order to allow an intra-Community supply to be zero-rated. In case Euro Tyre...
Reading time: 1 min
Norwegian import VAT must be reported in VAT return
Date14 Mar 2017
From January 2017, Norwegian VAT returns must include import VAT amounts. Before this recent change, import VAT was reported separately in a form called ‘omsetningsoppgave for merverdiavgift’. The reason for...
Reading time: 1 min
Portugal changes excise duties on diesel and petrol
Date13 Mar 2017
The authorities in Portugal have announced changes to excise duties – an increase for diesel and a decrease for petrol. From 01 January, 2017, the applicable duties on (commodity code:...
Reading time: 1 min
Italian government plans to increase VAT rates in 2018
Date10 Mar 2017
The Italian government has just announced that the standard VAT rate will rise from 22% to 25% as of 01 January, 2018. Also, there will be an additional increase of...
Reading time: 1 min