Here is where you can find the best analysis, insight and information on international VAT, categorised for your easy reading pleasure. It’s a veritable feast for the mind. In a hurry? Scroll down to find a selection of the latest headlines.


Accountancy Daily | TOMS VAT scheme fuels Brexit uncertainty

September 30th, 2020|Press Room|

When the subject of the Tour Operators Margins Scheme (TOMS) arises, the response is usually expressionless or one of dismay. With this ‘VAT simplification’ comes a whole host of complexities and problems for businesses. Throw in Brexit and potential EU reforms, and the sector faces an uncertain future. So, what is TOMS? TOMS is a mandatory EU-wide simplified VAT accounting [...]

Greece | EU’s Four ‘Quick Fixes’ for VAT implemented

September 30th, 2020|Greece|

Greece implements the EU's four 'Quick Fixes' for VAT. The measures apply retrospectively from January 1 2020. The Greek Government implemented the EU's four 'Quick Fixes' into Greek VAT law. These are simplifications to the cross-border supply of goods within the EU. Although enacted into legislation and published only recently, the measures have an effective date of 1 January 2020. [...]

Poland & Germany | Countries sign agreement combating VAT fraud

September 30th, 2020|Germany, Poland VAT Updates|

Poland and Germany sign agreement of cooperation in the fight against VAT fraud. The Polish National Revenue Administration and German Federal Ministry of Finance signed a cross-border agreement of cooperation to combat VAT fraud. As a result, they will enhance tax information exchange procedures. This follows similar agreement Poland have entered into with other EU Member States; including Czech Republic, [...]

Brexit | Applying VAT to electronically supplied services

September 30th, 2020|UK|

Germany confirms a final deadline (January 31, 2021) for declaring sales of electronically supplied services to UK private individuals through their Mini-One Stop Shop (MOSS). It is one of the first EU Member States to do so and others will soon follow. What does this mean for electronically supplied services post-Brexit? The Brexit transition period ends on December 31 2020.  [...]

Prepare for Brexit | VAT, Import Tax & EORI Numbers

September 25th, 2020|Blog|

VAT Associate Simon Knivett outlines why VAT, import tax and EORI numbers should be at the top of every business' VAT checklist when preparing for Brexit. While the Brexit negotiations and rhetoric rumble on, it’s crucial to recognise that even if a ‘deal’ – a Free Trade Agreement (FTA) - is negotiated, the outcome remains the same: the VAT treatment [...]

Poland | VDEK declaration Replaces SAF-T and VAT Return

September 16th, 2020|Poland VAT Updates|

Poland introduces the combined SAF-T VAT (JPK_V7M/K), otherwise known as the VDEK declaration, from October 1, 2020. The new VAT declaration replaces the SAF-T and VAT return filings. What’s Changing? Poland introduces a new declaration to replace SAF-T and VAT return filings from October 1, 2020. This is the combined SAF-T VAT (JPK_V7M/K), also known as the VDEK declaration. The [...]

Cyprus | VAT changes from August 2020

September 11th, 2020|Cyprus|

Cyprus amends local VAT law; introducing changes for VAT registrations, returns and the reverse charge mechanism for non-resident businesses in Cyprus. The latest amendments to the VAT Act in Cyprus aim to improve collections and combat fraud at the same time. They are in effect from 20th August 2020 - unless an alternative date has been noted. Below we highlight some [...]

  • deadline for VAT in Portugal

Portugal | EU’s Four ‘Quick Fixes’ for VAT implemented

September 10th, 2020|Portugal|

Portugal implements the EU's four 'Quick Fixes' for VAT into local legislation. You can check out our free guide to the 'Quick Fixes' here. Portugal implemented into local VAT law the simplifications to the cross-border supply of goods within the EU. Also known as the four 'Quick Fixes' for VAT. Although enacted into legislation and published in the official gazette [...]

Power Through Partnerships in Spain

September 1st, 2020|Blog|

Spanish businesses with cross-border transactions seek a centralised and trusted adviser, says Senior Business Development Manager Sonia García Álvarez. Read on to find out how Sovos Accordance helps Spanish businesses navigate the VAT landscape, through our partnerships with legal advisory and accountancy firms throughout Spain. Spanish advisory firms (gestorías) are experts in their fields and specialise in Spanish law and tax. [...]

GBFR | Top tips on how to succeed as a senior woman in business

September 1st, 2020|Press Room|

Lucy Franklin, VP of Sovos Accordance, gives her top tips on how to succeed as a woman in business and in a male-dominated industry, while resetting the scales for other women. When you make it into the senior leadership structure of an organization as a woman, you tend to find yourself in a distinct minority. Depending on the sector, this [...]

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