Hungary has introduced a VAT cut for internet access
Date12 feb 2018
CategoryVAT Compliance
This move comes notwithstanding the fact that the measure could be in breach of EU law, as such services are not included in Annex III of the EU VAT Directive,...
Portugal’s February Tax Dates
Date07 feb 2018
CategoryVAT Compliance
Conceito our Portuguese amavat® Partner Firm has put together an English document with generic* information regarding Portugal’s ‘Tax Calendar’ for February 2018. (also available in Portuguese below) Click here for...
The EU Council issues its VAT priorities for 2018
Date07 feb 2018
CategoryVAT Compliance
The Presidency of the Council of the EU, which is held in Bulgaria for the first half of 2018, has issued its priorities for indirect tax. These comprise of: Implementing...
There will be tax cuts, not tax hikes for Germany’s new coalition government
Date02 feb 2018
CategoryVAT Compliance
Germany’s three political parties set to form the next governing coalition have agreed to decrease the solidarity tax burden, according to the text of the recently released agreement. This solidarity...
Belgium adopts the ECJ’s position on unfinished invoices
Date01 feb 2018
CategoryVAT Compliance
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...
Luxembourg collects unpaid taxes from recent tax amnesty
Date31 jan 2018
CategoryVAT Compliance
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...
Spain announced 4% transfer tax on P2P internet sales
Date30 jan 2018
CategoryVAT Compliance
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...
Hungarian ‘live VAT invoice reporting’ will commence July 2018
Date30 jan 2018
CategoryVAT Compliance
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...
Norwegian SAF-T delayed to 2020
Date29 jan 2018
CategoryVAT Compliance
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...
HMRC urged to temper new VAT penalties for online retailers
Date26 jan 2018
CategoryVAT Compliance
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...
VAT rate changes 2018
Date22 jan 2018
CategoryVAT Compliance
VAT rate changes ’18 Below you will see a summary of the principle VAT rate changes in the European Union on 1st January, 2018. Country VAT Change Cyprus Imposition of...
EU update on VAT rules for eCommerce businesses
Date19 jan 2018
CategoryVAT Compliance
The EU has recently declared new rules to help eCommerce businesses simplify how they account for VAT. These new rules apply to businesses selling both goods and services on a...
Update to Italian ‘Spesometro’ for 2018
Date18 jan 2018
CategoryVAT Compliance
Update to Italian Spesometro for 2018 The reporting frequency for 2018 invoice listing (or ‘VAT Books’) submission (formerly ‘Spesometro’) has been changed by Italy, from quarterly to bi-annually. There will...
Simplification to Slovakian VAT registration
Date16 jan 2018
CategoryVAT Compliance
From the 1st January, 2018, non-resident Slovakian businesses may side-step the responsibility to VAT register for intra-community transactions and distance sales from Slovakia. At present, foreign companies must apply for...