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Quarterly payments withdrawn by Belgium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As from the 1st April, 2017, Belgium has withdrawn the obligation to file VAT quarterly prepayments on their VAT obligation.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 […]
Security deposit when registering as a VAT taxpayer
Date13 Feb 2017
The PiS government has introduced a new fiscal instrument to combat tax fraud, with the registration termination starting in 2017. The payment of a security deposit for the declaration of […]
Bank guarantee refund threshold has been raised
Date25 Jan 2017
The VAT refund thresholds have been raised where it requires a certified Italian audit or bank guarantee, this is up from €15,000 to €30,000. Most taxable people above this amount […]
ITALIAN VAT – Changes to VAT filings
Date17 Jan 2017
From 1st January, 2017, Italy has authorised (Law Decree 193) which is to introduce widespread new VAT filing requirements. Annual 2018 VAT Filing The 2017 Annual VAT return is now […]
Increase on ‘free allowance’ on small packages
Date16 Jan 2017
From 1st January, 2017, the VAT-free threshold has been increased by the UK for small packages being imported in the country, from outside of the EU. The previously maximum value […]
VAT Anti-Fraud Measures (Poland)
Date04 Jan 2017
From the 1st January, 2017 Poland introduced a range of anti-VAT fraud measures, these include: No longer are VAT registrations automatically granted as part of a business’ incorporation process VAT […]
VAT Registration Threshold Increased (Poland)
Date30 Nov 2016
From the 1st January, 2017 Poland increased its VAT Registration Threshold from PLN 150,000.00 to PLN 200,000.00. Poland received authorisation from the EU, which is required under the EU VAT […]
VAT e-Filings/online Filings (Poland)
Date24 Nov 2016
From the 1st January, 2017 Poland introduced compulsory online filings for a range of VAT-related submissions. The filings that are affected include: VAT-7; VAT; VAT-7K-7D; and the summary information for […]
Germany Intrastat threshold rise to €800,000
Date25 Sep 2015
German is to increase its Intrastat arrivals (Eingang) threshold from €500,000 to €800,000 per annum from 1 January 2016. There will be no increase to the dispatches (Versand) threshold of […]