VAT rises ruled out ahead of UK elections
Date19 May 2017
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...
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More than 35,000 micro-businesses drawn into Brexit EU VAT net
Date17 May 2017
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...
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OECD – International VAT/GST Guidelines
Date09 May 2017
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...
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Italy – VAT split payments extended
Date28 Apr 2017
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...
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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...
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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...
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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...
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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 Avoidance The elimination...
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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...
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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...
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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...
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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...
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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...
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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...
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UK – changes to VAT
Date22 Mar 2017
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,...
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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...
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