Companies cutting UK exposure on hard Brexit fears
In anticipation of Brexit, 1 in 12 businesses are now planning to reduce their business in the UK compared to just 1 in 50 in 2016 The latest Avalara Brexit Survey first carried out in September 2016...
View ArticleBulgaria raises Intrastat threshold 2018
Bulgaria is to increase its Intrastat reporting thresholds for 2018, as follows: Arrivals: BGN 430,000 per annum (previously BGN 410,000) Dispatches: BGN 260,000 (previously BGN 240,000) Intrastat was...
View ArticleEU VAT reform challenges
On 4 October, the European Commission (EC) announced a fundamental reform of the EU VAT regime to help combat an estimated €50billion of annual VAT fraud. 3 major changes to the B2B EU VAT regime 2019...
View ArticleRomania raises VAT registration threshold
Romania is to increase its VAT registration threshold from RON 220,000 to RON 300,000 – approximately €65,000 to €80,000 per year. The new annual turnover threshold will apply from 1 January 2018. The...
View ArticleUK wins EU ruling that Bridge is not VAT exempt sport
The European Court of Justice, ECJ, has today ruled that the card game Bridge is not considered a sport, and therefore 20% VAT is due on tournament or club membership fees. The European court was...
View ArticleNorway SAF-T Jan 2018
Norway is on course to introduce Standard Audit File for Tax (SAF-T) reporting obligations from 1 January 2018. The detailed, electronic transaction reporting requirement, adopted across many European...
View ArticleDutch cut labour taxes via VAT rise
The Netherlands has announced a reduced VAT rate rise from 6% to 9% to pay for income tax rate cuts and band simplifications. The number of income tax bands will be reduced from 4 to 2, and the rates...
View ArticleItaly electronic invoices compulsory 2019
Italy is to require all private tax payers to produce electronic invoices from the 1 January 2019. A number of sectors, including the oil industry, will start from January 2018. All sales invoices to...
View ArticleSwitzerland cuts e-book VAT to 2.5%
Switzerland is to reduce the VAT rate on e-books from 8% to 2.5% on 1 January 2018. This will bring the VAT rate on electronic books into line with that on printed books. The main Swiss VAT rate will...
View ArticleItaly cancels 2018 VAT rise
The Italian Council of Ministers have overturned plans to raise the Italian VAT rate from 22% to 25% on 1 January 2018. The reduced VAT will also remain at its current level, 10%, instead of a planned...
View ArticleGreece VAT receipt lottery to fight fraud
Greece is to become the latest country to launch a monthly lottery based on VAT compliant receipts in an order to reduce VAT fraud. From the end of October, every VAT receipt will be stamped with a...
View ArticleGermany decrees for call-off stock
The German Federal Ministry of Finance published a decree on 10 October to permit a VAT registration exemption for foreign companies holding call-off stock in Germany. Call-off stock are goods held in...
View ArticleMalta raises VAT registration threshold
The 2018 Maltese Budget includes a proposal to increase the country’s VAT registration threshold from €14,000 to €20,000. Non-resident companies must immediately VAT register if they are providing...
View ArticleBrexit UK to benefit from EU VAT reforms
Post-Brexit UK businesses may receive an unexpected benefit from recently announced proposals to create a single EU VAT regime in 2022. The potential introduction of a reforming destination-based VAT...
View ArticleRomania relaxes VAT split payments
Romania is to relax the initial mandatory requirements for VAT payers to implement split payment measures. Anti-VAT fraud split payments were introduced on a voluntary basis from 1 October 2017. They...
View ArticleNorway raises reduced VAT rate
Norway has proposed an increase in its reduced VAT rate from 10% to 12% from 1 January 2018. The reduced VAT rate applies to cinema admission, public transport, hotel accommodation services, entrance...
View ArticleVAT Reporting update 17.9.2
Overview This release 17.9.2 is a patch to our 17.9.1 maintenance release; it includes the latest updates for the IT VAT Book (d193) and also updates for SII. This version includes all the updates from...
View ArticleNetherlands reduced VAT rise to 9%
The new Dutch government has proposed increasing the reduced VAT rate from 6% to 9%. The reduced VAT rate applies to basic foodstuffs, books, hair dresser services, swimming pool entrance, medicines,...
View ArticleUK Brexit customs & VAT white paper
The UK government has published a White Paper detailing its legislative approach for a post-Brexit Customs, Excise and VAT regimes. This is the forerunner to a Customs Bill, which will be produced...
View ArticleEU VAT fraud Public Prosecutor established by 20 states
20 EU member states have agreed to establish an anti VAT fraud Public Prosecutor’s Office, focusing on the trading block’s estimated €50bn VAT fraud issue, and other EU budget issue. An approval vote...
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