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Italy has announced new VAT reporting

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Date13 Apr 2017
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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 VAT return in the subsequent year. For 2017, quarterly VAT reporting will be required. The two latest changes are: For 2017 only, intrastat acquisition reporting...
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EU – general reverse charge delayed

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Date31 Mar 2017
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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 European Union (EU) Finance Ministers legal concerns were raised, thus the delay. Several issues were highlighted by the EU’s legal team, including: The uncertainty of...
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The Czech Republic – changes to VAT

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Date24 Mar 2017
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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 related supply will be sufficiently specified, i.e. the particular goods or services, the applicable VAT rate and the place of supply are known. This amendment...
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EU – general reverse charge update

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Date23 Mar 2017
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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 enable countries to remove the cash-element of B2B domestic transactions. This plan has been challenged by France on the basis that it contravenes EU treaties....
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UK – changes to VAT

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Date22 Mar 2017
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The UK 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 increasing from £81,000.00 to £83,000.00. These new thresholds will apply from 1st April, 2017 and will only apply to UK...
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The European Court of Justice (ECJ) says no to e-Book reduction in VAT

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Date21 Mar 2017
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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 differing rates was not discriminatory, and that the EU Parliament did not require to be consulted on the matter. Presently, only printed books are...
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European Court of Justice (ECJ) new ruling on VIES number requirement

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Date15 Mar 2017
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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 Bv (C-21/16), a Polish customer provided a VAT number that was valid in Poland and up to date in Poland, but was not registered in...
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Norwegian import VAT must be reported in VAT return

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Date14 Mar 2017
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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 this change is due to the VAT authorities taking over from the Customs authorities on the collection of import VAT. The VAT return form has...
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Portugal changes excise duties on diesel and petrol

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Date13 Mar 2017
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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: 2710 19 41/9 – diesel related products) increasing from €318.41 to €338.31 for every 1,000 litres and on (commodity code: 2710 11 41/9 – petrol...
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