Belgium adopts the ECJ’s position on unfinished invoices
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...
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Luxembourg collects unpaid taxes from recent tax amnesty
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...
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Spain announced 4% transfer tax on P2P internet sales
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...
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Hungarian ‘live VAT invoice reporting’ will commence July 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...
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Norwegian SAF-T delayed to 2020
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...
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Romania has implemented limited VAT ‘Split Payments’ from March 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...
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HMRC urged to temper new VAT penalties for online retailers
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...
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EU Member States to work collectively to stamp out VAT fraud
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...
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VAT ‘Split Payment’ benefit questioned by the EU
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...
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