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.
We’re living through a situation that almost no one saw coming, and no one was prepared for. I’m not going to use this article to throw my voice behind the chorus of recriminations or celebrations of different nations’ measures for dealing with the pandemic. Only time will tell who managed it best and who suffers the most. What I will [...]
The Covid 19 pandemic and continent-wide restrictions on movement and business are having serious ramifications for business across the EU. The European Commission has recommended that member states provide support to affected businesses in meeting their VAT liabilities during this period, but as is often the case, the response from the Tax Authorities has been mixed. Some nations have yet [...]
We're here to support you - above all, our commitment is to help your business remain at home in Europe. So we have collated the latest Covid-19 VAT news from the EU Tax Authorities so that you can file with confidence and full transparency. We will keep you updated as as the position is constantly evolving. In some cases, [...]
In a matter of weeks people across Europe have become prisoners in their own home, with some businesses already struggling under the weight of the uncertainty - not knowing how long lock downs and staff absences will go on. With the outlook for the economy looking precarious, many businesses in the UK are turning to the government’s furlough scheme to fund staff [...]
UK | HMRC to delay the digital links requirement for Making Tax Digital (MTD) until 2021 considering the impact of Covid-19
HMRC have seemingly made an announcement to stakeholders that, due to the impact of Covid-19, they are to delay the requirement for MTD businesses to have in place the digital links between all parts of their software. MTD for VAT has currently been going through a soft-landing phase which allowed businesses to make manual interventions within the VAT return preparation [...]
As EU governments make rapid changes to VAT reporting and payment schedules in light of the coronavirus pandemic, tax authorities across member states are taking very different approaches, with complex schemes with disparate qualifying criteria, payment deferrals and some taking no action as yet Many tax authorities across Europe have updated their office hours and meeting procedures, penalty and interest [...]
These are difficult times. Global markets are currently struggling with unprecedented changes to activity across many sectors, along with soaring numbers of employees quarantining or incapacitated through illness. Individuals are getting to grips with quarantine, isolation and distancing from loved ones. At the same time, companies that trade cross-border are trying to maintain business as usual and keep employees motivated [...]
Our Director of Professional Services Andy Spencer has been lending his expertise to the NBCC and their members in recent weeks, advising businesses about the latest VAT measures taken by the Dutch and UK Governments in light of the Covid-19 pandemic. As a result of the Covid-19 pandemic, the European Commission has recommended that Member States should provide support to [...]
The UK Government implements a VAT payment delay due to the COVID-19 crisis. As detailed in our previous article, the UK Government implemented a VAT payment holiday for all VAT payments due in the period from 20 March 2020 to 30 June 2020. The deferral of the VAT due is until the end of the 2020/2021 tax year. HMRC’s [...]
The HMRC MTD platform extension deadline approaches for VAT periods starting on 1 April 2020. Making Tax Digital for VAT requires UK VAT registered businesses with taxable turnover above the VAT registration threshold to keep records in digital form in addition to filing VAT Returns using software. The deadline applies to VAT periods starting on or after 1 April 2020 [...]
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