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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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, […]
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 […]
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 […]
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: […]
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 […]
France – changes in VAT
Date09 Mar 2017
French reverse charge for import VAT From 01 January, 2017, within a French VAT return import VAT will be allowed to be reverse charged, only if a license is obtained […]
Italy updates VAT filings
Date08 Mar 2017
New requirements for 2017 Italian filing obligations. This has been re-designed instead of being monthly payments and one annual return, it will now be changed to quarterly returns along with […]
Swiss cuts VAT rate 2018
Date07 Mar 2017
Switzerland had a temporary 8% VAT rate and may be now returning to pre-2011 rate of 7.7%. In 2014, in a public referendum the higher rate was voted in to […]
Italy tries to extend the VAT split payment mechanism
Date28 Feb 2017
Italy’s Finance Ministry has made an application to the European Commission (EC) to extend the VAT split payment mechanism. Since 2015, the EC has allowed the split payment mechanism in […]
Quarterly payments withdrawn by Belgium
Date13 Feb 2017
As from the 1st April, 2017, Belgium has withdrawn the obligation to file VAT quarterly prepayments on their VAT obligation. At present small businesses may opt to file only quarterly […]