VAT in Europe - News

Hungarian ‘live VAT invoice reporting’ will commence July 2018

Date30 Jan 2018

CategoryVAT Compliance, VAT OSS and Export

Hungary advised recently that ‘live VAT invoice reporting’ will proceed from the 1st July, 2018. The requirements relate to VAT invoices above HUF100,000.00. The timing of reporting has been tightened up since the last update, […]

Norwegian SAF-T delayed to 2020

Date29 Jan 2018

CategoryVAT Compliance, VAT OSS and Export

Norway will introduce an on-demand compulsory Standard Audit File for Tax (SAF-T) requirement for taxpayers from the 1st January, 2020. The introduction of the electronic tax transaction data reporting had been planned for 2018. SAF-T […]

Romania has implemented limited VAT ‘Split Payments’ from March 2018

Date26 Jan 2018

CategoryVAT Compliance, VAT OSS and Export

Romania has applied a limited VAT ‘Split Payments’ regime from the 1st March, 2018 in an attempt to reduce VAT losses and fraud. From the 1st January, 2018, Romanian taxpayers who are in financial difficulties […]

HMRC urged to temper new VAT penalties for online retailers

Date26 Jan 2018

CategoryVAT Compliance, VAT OSS and Export

HMRC urged to temper new VAT penalties for online retailers ‘ The Chartered Institute of Taxation (CIOT) is calling for amendments to a new government scheme to tackle VAT evasion to safeguard those that make […]

EU Member States to work collectively to stamp out VAT fraud

Date25 Jan 2018

CategoryVAT Compliance, VAT OSS and Export

European Union Member States to work collectively to stamp out VAT fraud Towards the end of 2017 the European Commission released new tools intended to make the European Union’s value-added tax system more resilient to […]

VAT ‘Split Payment’ benefit questioned by the EU

Date24 Jan 2018

CategoryVAT Compliance, VAT OSS and Export

VAT Split Payment benefit questioned by the EU A European Commission study into the benefits of ‘Split Payments’ as a VAT collection tool, aimed at battling VAT fraud, has cast doubt on the cost / […]

There are more than 800,000 online stores in Europe

Date23 Jan 2018

Categoryamavat Announcement - news

e-Commerce News along with data company, Dataprovider, have conducted research to find out how many online stores are currently in Europe. According to the research, there is a 98% accuracy in the measurements. In total, […]

VAT rate changes 2018

Date22 Jan 2018

CategoryVAT Compliance, VAT OSS and Export

VAT rate changes ’18 Below you will see a summary of the principle VAT rate changes in the European Union on 1st January, 2018. Country VAT Change Cyprus Imposition of 19% standard VAT rate on […]

EU update on VAT rules for eCommerce businesses

Date19 Jan 2018

CategoryVAT Compliance, VAT OSS and Export

The EU has recently declared new rules to help eCommerce businesses simplify how they account for VAT. These new rules apply to businesses selling both goods and services on a B2C basis and are intended […]

Update to Italian ‘Spesometro’ for 2018

Date18 Jan 2018

CategoryVAT Compliance, VAT OSS and Export

Update to Italian Spesometro for 2018 The reporting frequency for 2018 invoice listing (or ‘VAT Books’) submission (formerly ‘Spesometro’) has been changed by Italy, from quarterly to bi-annually. There will also be numerous simplifications of […]

The UK Brexit Customs and VAT Bill

Date17 Jan 2018

CategoryVAT Compliance, VAT OSS and Export

Last week, the UK Parliament had its second reading of the ‘Taxation (Cross Border Trade) Bill’, which lays the ground for the post-Brexit Customs, VAT and Excise regimes. The Bill was published on 20th November, […]

Simplification to Slovakian VAT registration

Date16 Jan 2018

CategoryVAT Compliance, VAT OSS and Export

From the 1st January, 2018, non-resident Slovakian businesses may side-step the responsibility to VAT register for intra-community transactions and distance sales from Slovakia. At present, foreign companies must apply for a Slovakian VAT registration, if […]

VAT split payments further delay by Poland to July 2018

Date15 Jan 2018

CategoryVAT Compliance, VAT OSS and Export

The introduction of ‘Split Payments’ will be delayed announced the Polish Ministry of Finance until 1st July, 2018. This anti-VAT fraud measure has already been delayed once since the original launch plan of 1st January, […]

Lawmakers reject proposed amendment to Brexit legislation

Date11 Jan 2018

CategoryVAT Compliance, VAT OSS and Export

Lawmakers in the UK reject proposed amendment to Brexit legislation A proposed amendment to Brexit legislation has been voted against by the lawmakers in the UK. This legislation would have replaced a clause seen as […]

Portugal – Budget Bill 2018

Date11 Jan 2018

CategoryVAT Compliance, VAT OSS and Export

Conceito our Portuguese amavat® Partner Firm has supplied a document rergarding the ‘Budget Bill 2018’. Click here for English version Click here for Portuguese version *might not be applicable to your organisation amavat® provides a […]

MEP’s back new anti-dumping rules

Date09 Jan 2018

CategoryVAT Compliance, VAT OSS and Export

MEP’s back anti-dumping rules The Members of the European Parliament (MEPs) have backed in support of new rules on dumping and subsidised goods from outside the European Union (EU). Dumping ensues when goods are sold […]

Portugal – A document rergarding the ‘Budget Bill 2018’

Date08 Jan 2018

CategoryVAT Compliance, VAT OSS and Export

Conceito our Portuguese amavat® Partner Firm has supplied a document rergarding the ‘Budget Bill 2018’. Click here to view. amavat® provides a one-stop-shop solution for VAT Compliance within Europe. We assist clients with a single […]

France updates anti-VAT fraud software from January 2018

Date04 Jan 2018

CategoryVAT Compliance, VAT OSS and Export

Further to our information on 6th October, 2017, regarding the introduction by France of an anti-VAT fraud software, the French tax authorities have decided to modify this condition in order to simplify it. This new […]