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.

Categories

  • Austrian VAT

Austria | EU Four VAT ‘Quick Fixes’ and reduced VAT rate for E-books

November 5th, 2019|Austria|

In September 2019, the lower house of the parliament (Nationalrat) approved the draft bill which contained several proposals for amendments to the Austrian VAT law that is due to come into force in 2020. The main proposals relating to Austrian VAT (USt/MwSt) include: The implementation into legislation of the EU’s Four VAT ‘Quick Fixes’ A reclassification of the VAT rate [...]

  • Norwegian VAT

Norway | ‘Ha Det’ to Low Value Consignment Relief

November 4th, 2019|Norway|

The Norwegian government has presented its State Budget for 2020, including changes to Norwegian VAT (MVA). It proposes: To remove the existing low-value consignment threshold of NOK 350 for goods purchased by consumers from abroad; Moreover, the proposal suggests replacing it with a mandatory simplified reporting VAT scheme Consequently non-established sellers/marketplaces will need to register and report VAT under the [...]

  • Portuguese e invoicing

Portugal | Implementation of e-invoicing delay for non-residents

November 3rd, 2019|Portugal|

The Portuguese e invoicing rules delayed until 1 January 2021. The Portuguese Government postponed the requirement for non-resident VAT registered businesses to produce electronic VAT (IVA) invoices on certified software packages. Consequently the initial deadline of 1 January 2020 now delayed to 1 January 2021. Foreign VAT-registered companies meeting any of the following conditions creates the requirement to comply with [...]

  • Bulgarian Intrastat

Bulgaria | Intrastat thresholds increase from 2020

November 2nd, 2019|Bulgaria|

The director of the National Statistical Institute has issued an order regarding an increase in the Bulgarian Intrastat thresholds which are due to take effect as of 1 January 2020. The new thresholds will be: Dispatches - BGN 290,000 (currently BGN 280,000); and Arrivals - BGN 470,000 (currently BGN 460,000). The threshold for simplified reporting of single low-value transactions will [...]

UK | VAT registrations now possible for EU businesses in advance of No-Deal Brexit

October 8th, 2019|UK|

HMRC have updated VAT Notice 700/1 to provide temporary rules which allow some EU businesses to apply for a UK VAT registration in advance of a no-deal Brexit. Some EU businesses who trade with UK customers may not currently require a UK VAT registration. In the case of using existing cross-border VAT simplifications such as: Call-off stock arrangements; or Rely [...]

  • Four VAT 'Quick Fixes'

Germany | Federal Cabinet to Implement EU Four VAT ‘Quick Fixes’ in 2020

October 8th, 2019|Germany|

The German Federal Cabinet has approved a draft bill to implement cross-border supply of goods simplifications within the EU; also known as the Four VAT 'Quick Fixes'. Without delay, it is proposed that the measures would have an effective date of 1 January 2020. The 'Quick Fixes' aim to provide clarity and guidance on the correct VAT treatment on EU [...]

  • VAT Mini One Stop Shop

EU | VAT Mini One Stop Shop (MOSS) boosts VAT revenue collection

October 8th, 2019|EU|

According to a recent European Commission (EC) publication, statistics show encouraging results with regard to the collection of VAT revenues under the VAT Mini One Stop Shop (MOSS) system. The EC introduced the MOSS system in 2015. First and foremost, it aimed to aid the collection and transmission of VAT for telecommunications, broadcasting and electronic services supplied to final consumers [...]

  • deadline for VAT in Portugal

Portugal | Government extends the deadline for VAT payments

October 7th, 2019|Portugal|

On 18th September 2019 the Portuguese Government introduced into Law a new deadline for the payment of VAT which will effectively give taxpayers an additional 5 days. The law is due to have effect from 1 October 2019 and hence will be beneficial going forward from now. The new deadlines for the payment of VAT are as follows: Taxpayers filing [...]

  • VAT Rate in the Netherlands

The Netherlands | Reduced VAT rate for E-books and Four ‘Quick Fixes’

October 7th, 2019|Netherlands|

On 17 September 2019, the Dutch Ministry of Finance published the government’s tax proposals for 2020. This included two important proposals relating to VAT: A reclassification of the VAT rate for electronic publications; And the implementation into legislation of the EU’s ‘Quick Fixes’ Parliament will hear the proposals before the end of 2019 with the aim for the measures to [...]

  • TOMS

UK | HMRC issue new Revenue & Customs Brief after TOMS Update Error

October 6th, 2019|UK|

HMRC have issued ‘Revenue and Customs Brief 9 (2019): VAT Tour Operators Margin Scheme (TOMS) and retained payments and deposits’ after an error was made in amending their guidance for calculating the VAT due for supplies subject to TOMS. The error occurred following a change in the law. This was accounting for VAT on deposits retained in the event the [...]

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