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.

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Netherlands | Covid-19 – Emergency VAT payment deferral extended

November 20th, 2020|Netherlands|

The Dutch government announced an extension of the emergency VAT payment deferral regime that expired on 1 October 2020. The new deadline is January 31, 2021. Under the emergency payment deferral regime, taxpayers may request a 3-month deferral for payment of qualifying taxes which includes VAT. Deferral requests can be made using the tax authority’s portal which opened on 4 [...]

France | No Fiscal Representative requirement post-Brexit

November 20th, 2020|France|

The French Tax Authority confirms there is no Fiscal Representative requirement in France for UK businesses post-Brexit The French Tax Authority confirmed that UK businesses will not be required to appoint a Fiscal Representative when the UK finally leaves the EU and becomes a third country on January 1, 2021. This follows the recent FAQ published on the French Tax [...]

Ireland | Tax authorities can order Fiscal Representative requirement

November 20th, 2020|Ireland|

The Irish Government gives power to tax authorities to order non-Irish traders to appoint Fiscal Representative The Government recently set out its Finance Bill for 2020, including an amendment to the Irish VAT Act. The amendment gives the tax authorities power to issue a notice to a non-Irish trader requiring them to appoint a fiscal representative. Many EU Member States [...]

Portugal | Covid-19 delays new invoice requirements

November 19th, 2020|Portugal|

The Portuguese tax authorities postpone the new invoicing requirements for non-established businesses issuing invoices under Portuguese law. The new requirements, due to come into force from 1 January 2021, deadlines are now: The issuance of issuance of invoices by non-established businesses through an invoicing software certified by the Portuguese Tax Authorities now comes into effect on 2 July 2021; The [...]

UK | 2021 VAT guidance for Great Britain and Northern Ireland trade

November 19th, 2020|UK|

Do you need Brexit and VAT support? Get in contact for a free consultation call HMRC published a policy paper outlining the VAT accounting process for goods moving between Great Britain (GB) and Northern Ireland (NI) from January 1, 2021. As from January 1, 2021, the Northern Ireland protocol comes into force. NI will remain in the part of the [...]

Bloomberg Tax | Brexit and Fiscal Representation

November 16th, 2020|Press Room|

Director of Consulting Services Andy Spencer discusses with Bloomberg Tax the implications of Brexit and Fiscal Representation for UK businesses and how to prepare from a financial perspective. Andy also discusses VAT registrations, reporting and recovery in relation to Fiscal Representation, and what businesses should be aware of. The deadline for the end of the transition period is fast approaching. [...]

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How to Prepare For Brexit Now | Customs and VAT FAQ

November 9th, 2020|Blog|

Director of Professional Services Andy Spencer, outlines our most frequently asked questions on Brexit and VAT. Andy hosted ‘How to Prepare for Brexit Now | Your VAT and Customs Checklist‘ webinar on October 22nd, 2020. Watch on-demand now. What does a No-Deal Brexit mean? Both deal and no-deal scenarios bring a number of changes for businesses. However, in a no-deal [...]

EU | Commission announces €140 billion VAT Gap

October 29th, 2020|EU|

The EU Commission announces a €140 billion VAT Gap for 2018. The EU Commission announced that EU Member States lost an estimated €140 billion in VAT revenues in 2018. This €140 billion ‘VAT Gap’ is the difference between expected revenues in EU Member States and revenues actually collected. It indicates the effectiveness of VAT enforcement and compliance measures. It provides [...]

Poland and Estonia | Cross-border agreement against tax fraud

October 28th, 2020|Estonia, Poland VAT Updates|

Poland continues to strengthen their links with other Member States tax authorities by signing another cross-border agreement on the exchange of information with Estonia. This follows the recently signed agreement with Germany as outlined in our story of 30 September 2020. As with the agreement signed with Germany, the declaration particularly emphasises the need to enhance cooperation and exchange of [...]

Sweden | VAT reverse-charge mechanism for electrical products

October 28th, 2020|Sweden|

Sweden announced they are to introduce a VAT reverse-charge mechanism on supplies made between taxable persons of mobile phones, integrated circuits, game consoles, tablets and laptops. The new rules will come into effect on 1 January 2021 and will only apply to the sale of the above electrical products exceeding SEK 100,000. Swedish VAT registered businesses will no longer have [...]

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