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.


EU | European Commission delays 2021 VAT e-commerce package and One Stop Shop (OSS)

May 12th, 2020|EU|

The European Commission proposes to delay the 2021 VAT e-commerce package and OSS to July 2021. The European Commission has proposed that the implementation of the 2021 VAT e-commerce package, which was due to come into force on 1 January 2021, should be delayed until 1 July 2021 in light of the global Covid-19 pandemic. At this time, the European [...]

  • Russell Hughes

Accountancy Daily | Food and drink industry face Brexit VAT bill

May 7th, 2020|Press Room|

Now that the UK is in the transition period after leaving the EU, Sovos Accordance’s VAT consultant Russell Hughes unpicks the menu of obstacles facing the food and drink sector trading across borders, keeping friction down and wastage low. The UK government have made its first official announcement on what cross-border trading conditions could look like when the transitional period [...]

Spain | Reduced VAT rate for e-books and other e-publications

May 7th, 2020|Spain|

Spain reduces VAT rate to 4% on e-books and other e-publications. The Spanish Official Gazette recently announced that the Spanish Parliament agreed to implement measures to reduce the VAT rate on e-books and other e-publications. This is from the current standard rate of 21% to a new reduced rate of 4%. The measures take effect from 23 April 2020. This [...]

UK Budget | Reduced VAT rate for e-books

April 30th, 2020|UK|

Update 30.04.20 | The zero VAT rate for e-books and publications is now in effect from 1st May 2020. In the Budget, the UK Government announced a reduced VAT rate on e-books and publications. This is from the standard rate of 20% to the zero rate. The new e-books VAT rate is in effect from May 2020. This has been [...]

Hungary | Real Time Reporting for all Hungarian VAT Payers

April 29th, 2020|Hungary|

The Hungarian tax office has announced changes in the real time reporting (RTR) system that will take effect in two stages with the first stage commencing from 1 July 2020. Current obligations Under the current rules, which will continue up to 30 June 2020, businesses registered for VAT in Hungary are only obliged to report the content of their invoices [...]

Food Ingredients First | Navigating VAT-related challenges for high-demand exports during COVID-19

April 23rd, 2020|Press Room|

The ongoing COVID-19 pandemic has already impacted consumer behavior in the short-term and there are forecasts it will leave a lasting impression in the consumer mindset. While businesses are struggling due to lockdowns, quarantine measures and to some extent, global supply chain fracturing, there are several number of food businesses witnessing a significant uptick in demand. FoodIngredientsFirst takes a closer look [...]

Accordance Diverts 100% of waste from landfill

April 22nd, 2020|Blog|

At Sovos Accordance sustainability is an important business practice we strive to incorporate in all areas of our business. A key part of this is how resources are managed. Zero waste to landfill means that when waste leaves our premises, none of it goes to a landfill. 100% is diverted to a more sustainable pathway. So how did we get [...]

NBCC | Dutch partner promotes #AtHomeInEurope campaign

April 21st, 2020|Press Room|

Our Dutch partner NBCC has promoted our #AtHomeInEurope on their website. The #AtHomeInEurope campaign is a three-pronged intervention, with measures to support the Sovos Accordance's staff, its clients, and the wider community throughout this unprecedented crisis. As many businesses are currently experiencing, taking an entire company out of the office brings both benefits and challenges. The campaign, launched by Sovos [...]

COVID-19 and VAT changes for events hosts

April 20th, 2020|Blog|

VAT Director Rob Janering discusses new VAT reporting obligations for hosted events, seminars and exhibitions as a result of the COVID-19 crisis. The spread of COVID-19 across the globe has seen many countries implement lockdown procedures for its citizens and businesses cease to trade.  At the time of writing, some countries have tentative guidance on when lifting of these measures [...]

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