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 Maltese government recently adopted into Maltese VAT law the provisions for the simplifications to the cross-border supply of goods within the EU; also known as the 'Quick Fixes'. As a result, the Malta four Quick Fixes laws come into force as of 1 January 2020. The ‘Quick Fixes’ aim to provide clarity and guidance on the correct VAT treatment [...]
Associate Director Rob Janering discusses the EU four 'Quick Fixes' for VAT with Industry Europe. Check out our training events in February 2020 which will equip your business with practical tools to manage these changes. Business and industry are in a continued state of flux as Brexit rolls forward, uncertainty following each extension. Whilst it is out of the hands [...]
On Thursday (12 December) this week, the UK holds what is widely considered its most momentous general election since 1979. An apparently stark choice faces the country: with the Conservatives, exit from the EU on 31 January 2020, and the prospect of the low-tax low spend ‘Singapore-on-Sea’ free market nirvana long desired by the most ardent Brexiteers; with Labour, the [...]
Businesses involved in the movement of goods often have complex supply chains involving multiple parties. As a result, navigating successful VAT compliance and meeting customs requirements can be a tricky business. For organisations operating cross border or considering scaling up operations, there is a lot to consider. The following article will provide actionable guidance on how to understand proposed transactions flows from a VAT [...]
Chairman Nick Hallam comments on the UK general election and the future of tax.The UK general election will be held on December 12, 2019. Nick Hallam, of Accordance, takes a look at each political party’s respective tax policies, and what the implications will be in practice. Since the financial crash of a decade ago, there have been persistent controversies about [...]
Stereotyping is not inherently bad, but it is undoubtedly restricting. Most especially in the industry of finance and professional service where such limitations can be detrimental to one’s career. In this article, the author highlights the importance of shifting from a perspective of general categorisation to embracing – as well as protecting – diversity in the industry. Some sectors have [...]
On 31 July 2019, the German Federal Cabinet approved the government’s draft bill. As a result, the German VAT E-books and publications rate will fall from the standard rate of 19% to the reduced rate of 7%. This follows many other Member States in aligning the VAT rates of electronic books and publications with their printed counterparts and once passed [...]
The Irish Ministry of Finance have released their Finance Bill for 2019. Within the bill, they confirm their intention to increase the VAT rate on food supplements. From January 2020, the VAT rate for food supplement products will increase; this will be from the current rate of 0% to the reduced rate of 13.5%. This impacts certain vitamin, mineral and [...]
On 10 October 2019, a draft bill to implement the EU’s ‘Quick Fixes’ for VAT into Belgium law was approved in parliament by the Commission of Budget and Finance. As a result, the draft bill will become effective from 1 January 2020. The draft bill mainly relates to the implementation of the EU temporary cross-border transaction simplifications known as the [...]
In September 2019, the lower house of the parliament (Nationalrat) approved the draft bill for several proposals for amendments to the Austrian VAT law that is due to come into force in 2020. The main proposal relating to VAT, include the implementation into legislation of the EU’s four ‘Quick Fixes’ for VAT. Additionally, it includes a reclassification of the VAT [...]
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