Russia VAT rise to 22% January 2019
The Russian Finance department has confirmed that it intends to raise VAT from 18% to 22% on 1 January 2019. The rise will help fund an cut to the employees tax rate to 22% from 30%. The Russian...
View ArticleFinland import postponement update
Finland has issued proposals to update its import VAT deferment scheme this month. The changes include: Importers must report the import VAT due in the same month as the import For VAT-registered...
View ArticlePoland VAT split payments 2018
Poland is considering introducing a voluntary VAT split payments regime from 2018. The measure, which includes customers paying VAT to a special, locked bank account, is aimed at reducing VAT fraud....
View ArticleSpain ratifies SII Immediate Delivery of Invoices
Spain has this week gazetted (15 May) the requirements for large businesses to submit regular e-submissions of sales and purchase invoices. SII will become live on 1 July 2017. SII (Suministro...
View ArticleBelarus 18% VAT 2020
Belarus plans to lower its standard VAT rate from 20% to 18% from the start of 2020. The reduction will be subject to Russia’s plans to raise its VAT rate to 22% to cut labour taxes, which would amount...
View ArticleHungary delays live invoice reporting
Hungary has dropped plans to require live invoice reporting until July 2018. The requirement had been for the submission of XML-based details of VAT invoices above HUF100,000 (about €300). The plan...
View ArticleFrench new VAT software obligations Jan 2018
France has introduced anti-VAT fraud software requirements which are to be implemented from January 2018. This includes using certified, secure software for recording all customer payments – including...
View ArticleSlovakia VAT update
Slovakia has proposed several changes to its VAT laws which come into effect on 1 January 2018, including: The right for the tax authorities to seek a €1,000 VAT deposit for non-incorporated persons...
View ArticleEU legal blow to reverse charge fraud measures
Lawyers to the European Council of Ministers have alegedly cast doubt on a proposal to introduce a voluntary reverse charge mechanism to combat VAT fraud. The measures were to be introduced until 2022...
View ArticleItaly delays new VAT return
Italy has announced that the deadline for the submission of the new quarterly VAT return has been extended to 12 June 2017. The deadline was 31 May 2017. The new return requires VAT registered...
View ArticleSNP tourism VAT cut call
The SNP has called this week in its UK election manifesto for a VAT cut to tourism industry. This has long been rejected by the UK government which controls UK-wide policy under EU laws. However,...
View ArticleAvalara VAT Reporting content updates 01-06-2017
Spain – VAT Reporting SII – Now available In this release, we have added the functionality to support the Spanish SII system of “Immediate Supply of Information” which comes into effect from the 1st...
View ArticlePoland extends SAF-T to bank accounts
Poland has proposed extend its existing Standard Audit File for Tax (SAF-T) VAT transaction reporting obligations to include daily bank transactions. The proposed implementation date is 1 September...
View ArticleEU plans VAT liability on marketplaces for Sellers’ non-EU imports
The EU Parliament’s Committee on Economic and Monetary Affairs (ECON) has proposed to make online marketplaces liable for VAT on goods sold on their portals by non-EU merchants. The obligation would...
View ArticleUK DUP tourism VAT demands
Following the June 8 UK election, the Conservative party is negotiating an alliance with the Northern Ireland Democratic Unionist Party (DUP) to form the next government. The DUP’s election manifesto...
View ArticleGibraltar loses tax ruling at EU
The European Court of Justice (ECJ) has today ruled against Gibraltar’s appeal to have it exempted from the UK’s 15% gambling tax. This set-back for the island’s burgeoning offshore gambling sector...
View ArticleUK Bridge is VAT exempt sport – EU legal counsel
The European Court of Justice, ECJ, Attorney General (AG), has today advised that the card game Bridge, is considered a sport and therefore no VAT is due on tournament or club membership fees. UK...
View ArticleEU fails to agree on e-book reduced VAT
On 16 June the EU’s Economic and Financial Affairs Council (ECOFIN) failed to reach agreement on reducing VAT rates on e-books to match printed books. The Czech Republic objected to the measure. The...
View ArticleHungary lowers domestic invoice listing threshold
From 1 July 2018, Hungary will lower the annual reporting threshold for the sales and purchase listing to HUF 100,000. The report, Belföldi Összesítő Jelentés Kereskedelmi Partnerenként, are required...
View ArticleEU fails to agree on VAT General Reverse Charge
The most recent meeting of EU Finance Ministers (ECOFIN) on 16 June failed to agree on the implementation of the voluntary General Reverse Charge (GRC) to fight VAT fraud. The GRC, promoted by the...
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