Italy VAT on bad debts
Italy has loosened the rules around VAT on bad debts in its 2016 Stability Law (budget). The changes include: The tax authorities will grant bad debt relief earlier in recovery court proceedings...
View ArticleEU VAT Cross-Border Rulings grows to 18 states
Ireland and Italy have become the latest EU member states to joining the VAT Cross-Border Rulings pilot. The pilot has also been extended to 30 September 2018. The pilot enables businesses to...
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17th Annual VAT Forum Summit
This year’s Annual VAT Summit, sponsored by Avalara, will be an opportunity for VAT managers, consultants, officials from national VAT authorities and the European Commission to discuss hot topics...
View ArticleEU to propose radical VAT fraud measure
The European Commission is formulating a highly radical proposal to combat VAT fraud. It aims to eliminate missing trader / carousel fraud, which is estimated to cost member states over €100bn per...
View ArticlePortugal VAT changes
Portugal is proposing a range of VAT changes to the VAT Law, Codigo do Imposto sober o Valor Acrecentado. Simplifications to the low-value invoice disclosure requirements. The simplifications are...
View ArticleUK restricts VAT repayments
The UK’s Upper Tribunal tax appeals court has limited the rights of VAT payers to alter the basis of repayment claims. The case concerned a January 2007 £4.2m claim by Vodafone for a repayment of...
View ArticleSwiss VAT threshold changes
The second house of the Swiss parliament, the Ständerat, ratified a bill modifying a number of VAT rules. The changes include Removal of the low value package VAT and customs relief threshold. This...
View ArticleRussia e-services VAT bill
The Russian parliament, the Duma, passed the first reading of a bill to introduce 18% VAT on foreign providers of digital services to Russian consumers. This will include an obligation for foreign...
View ArticleEU to relax reduced VAT rates
The European Commission is to propose in the forthcoming days a relaxation of the rules on reduced VAT rates for the 28 EU member states. VATlive reported initially in October 2015 on this as part...
View ArticleItaly controversial split VAT payments a success
The Italian tax authorities confirmed this week that VAT revenues rose by €4.8bn in 2015 thanks largely to the implementation of the controversial split payments on VAT. The measure requires...
View ArticleUK acts on e-commerce VAT fraud?
Ahead of this week’s UK budget, speculation is emerging that the Chancellor, George Osborne, will act to curb potential VAT fraud on goods sold to EU consumers by non-EU sellers on eBay, Amazon and...
View ArticleUK Brexit and EU VAT
The UK is due to hold an EU exit referendum on 23 June 2016. A potential British exit (informally termed ‘Brexit’) would have dramatic effects on the UK’s VAT regime since it is organised in line...
View ArticleUK tackles e-commerce VAT fraud on eBay & Amazon
The UK’s Chancellor, George Osborne, announced today in his budget action on non-EU VAT fraudulent sellers on eBay and Amazon This will include: The obligation of fraudulent sellers to appoint UK VAT...
View ArticleUK raises VAT registration threshold to £83,000
The UK’s Chancellor, George Osborne, today announced that the UK VAT registration threshold would increase from £82,000 to £83,000 per annum from 1 April. This will lift approximately 2,000 small...
View ArticlePortugal lowers restaurant VAT to 13%
The Portuguese parliament has ratified a proposal to lower the VAT rate on restaurant services from 23% to 13%. The implementation date will be 1 April 2016. Ireland has claimed its policy of lowering...
View ArticlePoland drops VAT rate simplification
Poland’s Ministry of Finance has confirmed that it will not proceed with plans to streamline its VAT rates. The proposal was to consolidate the current 23% standard rate with the 5% & 8% reduced...
View ArticlePoland VAT threshold and turnover tax
Poland is reviewing raising its VAT registration threshold from PLN 150,000 to PLN 200,000. The Ministry of Finance is considering the move to reduce the compliance burden on small businesses, and to...
View ArticleItaly VAT rise update
Italy’s damp economic performance may push it to implement a VAT rate rise clause in its 2016 budget to ensure it complies with the Euro currency membership requirements. The clause provides for a VAT...
View ArticleInsurance hit by EU VAT bill
The European Court of Justice (ECJ) has ruled that EU insurers that have outsourced claims handling and other back office functions face a large, unrecoverable VAT bill. This will be a major setback...
View ArticleCzech cuts restaurant VAT
The Czech Republic has become the latest country to cut the VAT rate on catering services, including restaurants and cafes. The rate will drop from 21% to 15% on 1 December 2016. Sales of alcohol and...
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