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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Poland | Delay to Split Payment Mechanism

May 3rd, 2019|Poland|

The European Commission recently authorised Poland to introduce a mandatory split payment mechanism for certain business-to-business (B2B) supplies of goods and services, that are fraud-sensitive such as steel, scrap, electronics, gold fuels and plastics. The Polish Ministry of Finance has announced that this system is now only planned to come into effect in January 2020. Under this split payment mechanism, [...]

Managing Brexit

May 1st, 2019|Blog|

‘Brexit Day’ was scheduled for March 29th, 2019. Hard to believe now, but some in the UK (though not Accordance!) had made plans for festivities and street parties: bunting was to be unfurled, joy was to be unconfined. The Prime Minister, Theresa May, assured (or warned) the House of Commons over a hundred times that there would be no delay. [...]

VAT Technology

May 1st, 2019|Blog|

Technology has found its way into every corner of modern life. Immediacy is all: we swipe and click for everything from pizzas and fashion to romance and enlightenment. There has been a rapid revolution in human networking, communication and economic behaviour. Governments must keep up or be starved of revenue. In international tax, ‘digitisation’ is a natural priority for authorities. [...]

At home in Europe

April 26th, 2019|Blog|

Accordance is a profoundly European business. A majority of our staff are non-British EU nationals; our raison d’etre is to help businesses trade across borders in the EU; our professional focus is on a tax invented in Europe, and which helps fund the European social model; we started out in Brighton, and we also have a home in Amsterdam. We [...]

The Future of VAT

April 26th, 2019|Blog|

In the EU, overarching VAT legislation exists in the form of the European VAT Directive (EVD). However, flexibility on some areas of its implementation and interpretation, coupled with member states’ lack of appetite for more than piecemeal reforms mean that the EU’s VAT system is only semi-harmonised. But the European Commission, always pursuing ‘ever closer union’, has full harmonisation in [...]

Value Added Tax

April 26th, 2019|Blog|

VAT, or Value Added Tax, is a tax on consumers collected by businesses. It was developed in the last century and was widely adopted in Europe from the 1950s onwards. It is the tax most closely associated with the European Union; having VAT is a prerequisite for EU membership. Despite its relative youth in taxation years, VAT is now a [...]

Women in Tax

April 26th, 2019|Blog|

Its 2019, and women are no longer a rarity in the tax industry. While a long overdue advance, it’s one we can all celebrate. The world has moved on and we have seen an increase of women forming part of, excelling in, and transforming the financial sector. Yet while there has been progress, there is still a long way to [...]

Brexit Update | No risk of a no deal…for now

April 25th, 2019|UK|

Following the UK’s acceptance to the EU’s offer of an extension to Article 50 until 31 October 2019, the immediate risk of a no deal Brexit has subsided – for the moment. The agreement reached between the UK and the EU leaves open the possibility of the UK leaving earlier if the Withdrawal Agreement can be passed through Parliament.  If [...]

Greece | Changes to VAT Law Effective from January 2019

April 18th, 2019|Greece|

As of 1st January 2019, newly adopted amendments to the Greek VAT Code provide for the following: The scope of the 6% reduced VAT rate is extended to apply to: Sticks and Braille typewriters for the visually impaired; and Concert tickets which do not provide any other supply, other than the performance; and The application form for 13th directive VAT recovery claims [...]

UK l Postal Packet Toolkit Clarifies New Import VAT Rules in No Deal Brexit

April 18th, 2019|UK|

We recently reported a story on the UK government making “postal packet regulations” directly impacting sellers outside the UK, in the event that the UK leaves the EU bloc without a deal. HMRC has now published a toolkit outlining the expected changes to the UK import VAT rules. If this scenario comes to pass, (see our story on the current Brexit timescales) [...]

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