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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Italy | Immovable Property Excluded From Scope of “Frequent Exporter” Regime

May 10th, 2019|Italy|

Italian tax authorities clarified the scope of the “frequent exporter” regime does not apply to purchases of immovable property. Under Italy’s “frequent exporter” regime, qualifying companies may purchase supplies of goods and services under a VAT suspension mechanism, up to the volume of exports that were made in the previous calendar year.  This ceiling is known as the plafond. Now, [...]

EU | Proposal to Zero-Rate Supplies for EU Armed Forces Common Defence Efforts

May 9th, 2019|EU|

The EC published a proposal to zero-rate supplies of goods and services provided to armed forces deployed outside their Member State as part of an EU activity. The European Commission has recently published a proposal to zero-rate supplies of goods and services provided to armed forces deployed outside their Member State as part of an EU activity  under the common [...]

Greece | Implements EU Voucher Rules Directive Amongst Other VAT Measures

May 8th, 2019|Greece|

On 1st May 2019, the following amendments to the Greek VAT Code, were published in the Official Gazette: The main change, effective as of 1st January 2019: relates to the implementation of the EU Vouchers Directive (Council Directive (EU) 2016/1065), which all EU Member States are required to transpose into their national law for the start of 2019. This directive brings [...]

Norway | Green Light on Mandatory SAF-T Reporting From 2020

May 7th, 2019|Norway|

Norwegian tax authorities have confirmed plans for the SAF-T launch from the start of 2020. In 2017 we reported on Norway’s announcement to delay the 2018 roll out of its mandatory Standard Audit File for Tax (SAF-T). The Norwegian tax authorities have recently issued information confirming plans for its launch from the start of 2020. SAF-T is a standardised XML format providing [...]

UK | Construction Businesses Warned to Get Ready for the Reverse Charge in October 2019

May 6th, 2019|UK|

UK construction businesses are reminded to ensure they act to ensure compliance with the reverse charge. Further to our previous story on the introduction of a domestic reverse charge mechanism to supplies of building and construction services from 1st October this year, businesses are reminded to ensure they act now to take the necessary steps to ensure compliance with the upcoming changes [...]

EU | CJEU Rules that VAT Recovery Only Possible if it Has Been Correctly Charged

May 3rd, 2019|EU|

The Court of Justice of the European Union (CJEU) has held in the case of PORR Építési Kft. (Case C-691/17) that no right to deduct input VAT exists when the VAT has been incorrectly charged by the supplier. Background The company, PORR Építési Kft., built a motorway in Hungary and deducted input VAT on the invoices it received from three [...]

Belgium | New Law Cuts VAT on Electronic Books and Bikes

May 3rd, 2019|Belgium|

Recent and pending amendments to Belgian legislation make changes to the VAT rates for the following supplies, which generally had effect as of 1st April 2019: Supplies of plants The reduced 6% rate of VAT is applicable to supplies of plants for the making and maintenance of gardens. Before this change they were subject to the standard 21% VAT rate. [...]

Hungary | Modifications to Real Time Reporting System Effective May 2019

May 3rd, 2019|Hungary|

From 1st May 2019 the current specified XML format for transferring invoice data under Hungary’s Real Time Reporting System (RTR) will no longer be valid. Launched on 1st July 2018, the RTR requires that impacted invoices be reported electronically in real-time through the Online Invoice System, the Hungarian National Tax and Customs Administration’s e-invoice platform. This requirement covers all sales invoices and related [...]

UK | Changes to VAT Treatment for Recovery on Imports From 15th July 2019

May 3rd, 2019|UK|

From 15th July 2019, HMRC will no longer allow businesses’ claims for import VAT if they are not the owners of the related goods. HMRC has become aware of incorrect treatment by some businesses whereby import VAT has been incorrectly deducted as input tax. Under newly released guidelines, HMRC has clarified the correct procedures for the deduction of import VAT [...]

Greece | Publishes Annual Report Detailing Exchange of Information

May 3rd, 2019|Greece|

The Greek tax authority recently issued the annual report of its activities in 2018, detailing the information it exchanged with other Member States’ tax authorities. According to the report it had: Completed 683 requests for administrative assistance; Completed 699 requests for administrative assistance in VAT matters and replied to 816 requests from other EU Member States’ tax authorities; and Sent [...]

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