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.
In our story of 6th October 2019, we reported that the Slovenian National Assembly agreed to reclassify the VAT rate for electronic publications (E-Books). This was from the standard rate of VAT of 22% to the reduced rate of VAT of 9.5%. We can confirm that the National Assembly are taking this a step further; not only reclassifying the VAT [...]
The Hungarian National Assembly adopted the draft bill to implement the EU’s ‘Quick Fixes’ into Hungarian VAT law. As a result - the changes to the Hungarian VAT act, partly incorporated as part of the summer tax package, are in effect from 1 January 2020. EU’s ‘Quick Fixes’ in Hungary The ‘Quick Fixes’ aim to provide clarity, guidance and some [...]
Accordance VAT chief Lucy Franklin explains why her firm is marking Brexit Day with a symbol of pro-EU unity. After three years of uncertainty, appalling rhetoric and delays, today is the day millions of us hoped would not come to pass. Despite the best efforts of UK politicians, MEPs, business people, academics and individuals up and down the country, we [...]
On 23 December 2019, the Ministry of Finance approved a draft bill to implement the EU’s ‘Quick Fixes’ into VAT law in Romania. As a result, the draft bill is in effect from 1 January 2020. The draft bill relates to the implementation of the EU temporary cross-border transaction simplifications; otherwise known as the ‘Quick Fixes’. The ‘Quick Fixes’ aim [...]
Lucy Franklin is CEO of Brighton-based Accordance, a company aiming to become Europe's leading VAT provider. She talks to BLM about her ambitions in addition to her innovative staff well being initiatives. Can you tell us about Accordance and what it does? Accordance is an international tech-enabled compliance and consulting firm. We ease the burden that cross-border VAT creates by [...]
Finland approved changes to it VAT legislation to implement the EU’s ‘Quick Fixes’ into Finnish VAT law. As a result, the changes are effective from 1 January 2020. The changes mainly relate to the implementation of the EU temporary cross-border transaction simplifications known as the ‘Quick Fixes’. The ‘Quick Fixes’ aim to provide simplifications to VAT treatment that applies when [...]
#GetBrexitDone. While the simplicity of the message belies the complexity of the task, the UK election result does give us a better idea of Brexit timelines. A resounding Conservative majority means that Johnson’s Brexit bill passed easily through the House of Commons in December 2019. So it is now in the latter stages of becoming law. As Mr. Johnson assured [...]
We are European VAT Experts – 70% of us were born on the continent and we speak over 30 languages. To give you a flavour of how European we are, we asked our VAT experts do the talking by asking what the #EU means to them… JACK OAKLEY BORN & BRED IN: LONDON FAVOURITE PLACE: BURANO “I am a [...]
The EU Four VAT ‘Quick Fixes’ came into effect on January 1 2020, promising seismic change for the way British companies export to Europe. Are you ready? For those considering expansion into EU markets or an up-scaling of production in existing foreign nations, the upcoming EU Four VAT “Quick Fixes” should be top of your to do list of [...]
The UK’s election is over; the Conservatives have their largest majority for over thirty years. In the end, it was simple for Johnson, as straightforward as the opinion polls had suggested it would be throughout the campaign. Partly because of the clarity and relentlessness of his messaging (the slogan ‘Get Brexit Done’ has rasped in the ears of the nation [...]
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