There will be tax cuts, not tax hikes for Germany’s new coalition government
Date02 Feb 2018
Germany’s three political parties set to form the next governing coalition have agreed to decrease the solidarity tax burden, according to the text of the recently released agreement. This solidarity...
Reading time: 1 min
Belgium adopts the ECJ’s position on unfinished invoices
Date01 Feb 2018
Belgium has implemented the recent ECJ jurisprudence regarding the right to subtract VAT on invoices with missing details. On the 12th October, 2017 the authorities published a circular letter 2017/c/64...
Reading time: 2 min
Luxembourg collects unpaid taxes from recent tax amnesty
Date31 Jan 2018
Luxembourg has collected over EUR30mln (approx. $36.7mln) in unpaid taxes in 2016 as a result of a tax amnesty scheme, Finance Minister Mr Pierre Gramegna has told parliament. Reacting to...
Reading time: 1 min
Spain announced 4% transfer tax on P2P internet sales
Date30 Jan 2018
Spain has prolonged its ‘Impuesto de Transmisiones Partrimoniales’ (ITP) transfer tax to the sale by consumers of second-hand goods on the internet. If consumers are not VAT registered, then the...
Reading time: 1 min
Hungarian ‘live VAT invoice reporting’ will commence July 2018
Date30 Jan 2018
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...
Reading time: 1 min
Norwegian SAF-T delayed to 2020
Date29 Jan 2018
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...
Reading time: 1 min
Romania has implemented limited VAT ‘Split Payments’ from March 2018
Date26 Jan 2018
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...
Reading time: 1 min
HMRC urged to temper new VAT penalties for online retailers
Date26 Jan 2018
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...
Reading time: 5 min
EU Member States to work collectively to stamp out VAT fraud
Date25 Jan 2018
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...
Reading time: 7 min
VAT ‘Split Payment’ benefit questioned by the EU
Date24 Jan 2018
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...
Reading time: 2 min
VAT rate changes 2018
Date22 Jan 2018
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...
Reading time: 2 min
EU update on VAT rules for eCommerce businesses
Date19 Jan 2018
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...
Reading time: 3 min
The UK Brexit Customs and VAT Bill
Date17 Jan 2018
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...
Reading time: 2 min
Simplification to Slovakian VAT registration
Date16 Jan 2018
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...
Reading time: 1 min
VAT split payments further delay by Poland to July 2018
Date15 Jan 2018
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...
Reading time: 1 min
Portugal – Budget Bill 2018
Date11 Jan 2018
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...
Reading time: 1 min