VAT Focus | For low value consignments there will be a super reduced data set from 1st January, 2021
Date30 Jul 2019
Following an amendment to the Union Customs Code Delegated Regulation (EU) 2015/2446 released on 5th July, 2019, it will be possible from 1st January, 2021 to declare goods up to...
Reading time: 2 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
Norway Tax News
Date19 Dec 2017
Norwegian government proposes super reduced VAT rate In October, 2017, the Norwegian government presented its plans for the 2018 budget declaring an increase of the super reduced rate from 10%...
Reading time: 2 min
EU Tax News
Date15 Dec 2017
Weaponising VAT in 2018! Brexit VAT fraud. Austerity restrictions. Arab states panic on VAT. Global tax wars. Brexit – Are you getting ready for Armageddon? The impending trading model for...
Reading time: 4 min
EC provides insight on important reforms of EU VAT
Date14 Dec 2017
EC provides insight on important reforms of European Union VAT The European Commission (EC) has circulated information on a new set of reforms to the current EU VAT framework, with...
Reading time: 9 min
OECD’s Secretary-General calls for collective action on digital taxation
Date24 Nov 2017
OECD Secretary-General calls for collective action on digital taxation Angel Gurria, the Organisation for Economic Co-operation and Development (OECD) Secretary-General has requested a collective effort on the design of temporary,...
Reading time: 9 min
Germany – Tax News
Date21 Nov 2017
Decree announced for call-off stock On the 10th October, 2017 the German Federal Ministry of Finance announced a decree to permit a VAT registration exemption for foreign companies holding call-off...
Reading time: 3 min
EU e-Commerce NEWS
Date26 Oct 2017
e-Commerce has evolved rapidly as consumers’ appetite for simple and instant buying continues to grow. This means that regulators have been struggling to keep pace with these advancements. In particular...
Reading time: 4 min
EU VAT Gap
Date17 Oct 2017
The EU recently announced the latest analysis of missing EU VAT (the ’VAT Gap’) from fraud, bankruptcies and poor administration, has fallen to €151.5 billion in 2015, comparing to €160...
Reading time: 2 min
Retail Sales Tax postponed by Poland
Date19 Sep 2017
Poland has postponed the implementation date of the new ‘Retail Sales Tax’ following the challenges of the European Commission (EC). This initiative comprised of a turnover tax levied on established...
Reading time: 1 min
Poland VAT – Split Payments 2018
Date03 Aug 2017
From the 1st January 2018, Poland will introduce a voluntary anti-VAT Fraud split payment mechanism. This system will ONLY apply on domestic transactions and will not affect invoice requirements. B2C...
Reading time: 2 min
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...
Reading time: 1 min
The European Court of Justice (ECJ) says no to e-Book reduction in VAT
Date21 Mar 2017
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...
Reading time: 1 min