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.
The Slovak Ministry of Finance recently proposed to the Slovak VAT Act bringing the following major changes which are proposed to be effective from 1 January 2020: Implementation of the EU temporary cross-border transaction simplifications known as the quick fixes, namely: Simplification and harmonisation of rules regarding call-off stock; The VAT identification number of the customer becoming a substantive condition for exempting the [...]
On 7 August 2019, France amended its VAT legislation relating to its VAT treatment of vouchers by implementing the EU Vouchers Directive (Council Directive (EU) 2016/1065), which all EU Member States are required to transpose into their national law for the start of 2019. This directive introduces rules for the harmonised VAT treatment of vouchers (coupons) in the EU. The [...]
On 30th May 2019, the following main amendments to the Latvian VAT Law were adopted and generally came into effect as of 1st July 2019: The reverse charge VAT regime for supplies of metalwork services is withdrawn. Instead such services which include cutting, bending and welding are subject to VAT. The application of the reverse charge in relation to semi-finished [...]
The Greek Finance Ministry has launched a consultation on its planned introduction of online electronic bookkeeping which will require all taxpayers to keep their accounting records digitally. Further to our previous story on Greece’s plans to introduce a mandatory real-time electronic invoicing system, the initiative has been put on hold. For now, all efforts are going into launching the electronic [...]
Recently, there has been a call to debate a proposal as part of the Latvian 2020 budget to further reduce the VAT rate on books from the reduced 12% rate to the super-reduced 5% rate. This proposal wouldn’t extend to electronic books which are currently taxed at the standard 21% VAT rate. However, discussions on whether Latvia should take advantage [...]
The Swiss Federal Tax Authority (FTA) has recently issued new guidance announcing that next year, the filing of VAT returns by electronic means will become compulsory. Already, nearly half of Swiss VAT-registered businesses use the online platform “AFC SuisseTax” to file their VAT returns. Next year, electronic filing of VAT returns will become mandatory and only businesses that make specific [...]
The Swiss Federal Tax Authority (FTA) has recently published guidance relating to its amended position for certain supplies of goods with installation services. Since 2018, if a foreign company delivers goods (e.g, a machine) from abroad and installs it in Switzerland, the place of supply is Switzerland and the transaction is liable for Swiss VAT. Unlike the EU, there is [...]
On 25th July 2019, the Commission published its monthly infringements package detailing the legal action it is pursuing against the Member States for breaches of EU law. Relating to VAT, the following infringement proceedings have been taken: Italy: referred to the CJEU for its failure to address an illegal system of fuel exemptions used to power EU chartered yachts in [...]
Gender Pay Gap reporting has made the headlines again this year. While some news was positive, on the whole there was no real significant improvement between 2017-18 and 2018-19. According to Lucy Franklin, Managing Director of Accordance VAT, this is disappointing, and has prompted responses ranging from outrage about the results to despair about the process, with a healthy dose [...]
United Kingdom | Upper Tribunal Revises Guidance on Witness Evidence in Cross-border VAT Fraud Cases
In the Upper Tribunal’s recent decision in Elbrook Cash and Carry Ltd, the court provided guidance on the case management of missing trader intra-community (MTIC) fraud appeals, specifically relating to witness statements. First Tier Tribunal Decision In the background to this case, Elbrook had appealed HMRC’s decision to revoke its registration as an owner of duty registered goods and to [...]
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