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.


EPM | Increased business in pharma brings VAT compliance risks

July 1st, 2020|Press Room|

VAT Consultant Russell Hughes explains VAT compliance risks to pharma businesses during a period of increased activity, such as COVID-19, with European Pharmaceutical Manufacturer. The coronavirus crisis has posed immense challenges for a number of industries, with many facing an effective cessation of business activity. Like many other manufacturing businesses the pharmaceutical industry has faced challenges, but demand for some [...]

Spanish Chamber of Commerce | Brexit & VAT, beyond the transitional period

June 30th, 2020|Press Room|

Join our free webinar 'Brexit & VAT: Future proof your business beyond the transitional period' on July 7th at 14:00 BST What can we expect after the transition period? Which will be the new VAT implications for trade? Would you like to find out more about? How to provide business clarity on your VAT position Post-Brexit How you need to [...]

UK | Chancellor reviews possibility to reduce VAT rates to boost economy

June 25th, 2020|UK|

There is increasing speculation that Rishi Sunak, the UK Chancellor of the Exchequer is reviewing the possibility to reduce VAT rates to boost the economy following the COVID-19 crisis. Reportedly, the UK Chancellor is looking at options to reduce the standard rate of VAT, currently 20%. This is as well as potentially zero-rating more products. These reductions would likely be [...]

EU | COVID-19 and next steps for your VAT-registered business

June 25th, 2020|EU|

EU Member States begin to end the state of emergency for COVID-19 and remove business VAT measures. Governments in Member States are ending the state of emergency for COVID-19, and in turn, removing tax measures and exemptions put in place to assist businesses through this global pandemic. COVID-19  and VAT Measures During this unprecedented time, industries and workforces came to [...]

EU | Consultation on Tour Operators Margin Scheme (TOMS)

June 25th, 2020|EU|

The European Commission (EC) opens a public consultation on the evaluation of the Tour Operators Margin Scheme (TOMS). Also known as the special VAT scheme for travel agents. We would love to get your feedback on how the scheme affects you. TOMS is a simplified margin scheme for businesses that buy in and re-sell travel, accommodation and certain other services [...]

  • TOMS

UK | Construction domestic reverse charge delay to 2021

June 22nd, 2020|UK|

The UK recently announced that a further delay to the introduction of the domestic reverse charge mechanism for construction services. As a result, the new rules won't come into place until 1 March 2021. As noted in our previous story of September 2019, these new rules were initially to come into force as of 1 October 2019. However, the Government [...]

Germany | Government approves VAT rate cut as part of stimulus package

June 18th, 2020|Germany|

The Federal Ministry of Finance have announced that the German government have approved the VAT rate cuts as part of the stimulus package, as previously detailed in our story of 4th June 2020. The VAT rate cut is due to come into force as of 1 July 2020 and last until 31 December 2020. All measures of the financial stimulus [...]

UK | Government announces border controls for end of Brexit Transition Period

June 18th, 2020|UK|

The UK Government will introduce new border controls at the end of the Brexit Transition Period. This is in three stages up until 1 July 2021. Michael Gove, on behalf of the UK Government, formally informed the European Commission that the UK will neither accept nor seek an extension to the current transition period. The Brexit transition period is due [...]

UK | New Global Tariff (UKGT) for post-Brexit trade

June 11th, 2020|UK|

The UK Government announced a new UK Global Tariff (UKGT) for post-Brexit trade. The announcement details which goods are liable to customs duty on imports into the UK as from 1 January 2021. In addition to the rate of duty that will apply.  These rates apply if the UK does not agree a preferential agreement with the country from which [...]

Poland | Further delay to new SAF-T VAT file

June 11th, 2020|Poland|

In Poland, the Ministry of Finance announced a further to delay to the implementation of the new combined SAF-T VAT file (JPK_VAT). The new implementation date now moves from the 1st July 2020 to 1st October 2020. The new SAF-T VAT filing combines the Polish VAT return and Standard Audit File (SAF-T) into one return. The Government will introduce the [...]

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