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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Accordance launches Covid-19 EU Tax Authority tracker

March 31st, 2020|Blog|

These are difficult times. Global markets are currently struggling with unprecedented changes to activity across many sectors, along with soaring numbers of employees quarantining or incapacitated through illness. Individuals are getting to grips with quarantine, isolation and distancing from loved ones. At the same time, companies that trade cross-border are trying to maintain business as usual and keep employees motivated [...]

NBCC | VAT Measures for companies taken by NL and UK Government

March 30th, 2020|Press Room|

Our Director of Professional Services Andy Spencer has been lending his expertise to the NBCC  and their members in recent weeks, advising businesses about the latest VAT measures taken by the Dutch and UK Governments in light of the Covid-19 pandemic. As a result of the Covid-19 pandemic, the European Commission has recommended that Member States should provide support to [...]

UK | COVID-19 application of VAT payment holiday

March 27th, 2020|UK|

The UK Government implements a VAT payment delay due to the COVID-19 crisis. As detailed in our previous article, the UK Government implemented a VAT payment holiday for all VAT payments due in the period from 20 March 2020 to 30 June 2020.  The deferral of the VAT due is until the end of the 2020/2021 tax year. HMRC’s [...]

UK | MTD extension deadline approaches for VAT periods starting on 1 April 2020

March 25th, 2020|UK|

The HMRC MTD platform extension deadline approaches for VAT periods starting on 1 April 2020. Making Tax Digital for VAT requires UK VAT registered businesses with taxable turnover above the VAT registration threshold to keep records in digital form in addition to filing VAT Returns using software. The deadline applies to VAT periods starting on or after 1 April 2020 [...]

Norway | Covid-19 VAT measures to support businesses

March 25th, 2020|Norway|

In Norway, the Government announced new VAT measures to support businesses struggling in the face of the Covid-19 pandemic. The first measure is to assist businesses with their VAT payments by delaying the deadline for payment of the first VAT return due from 14 April 2020 to 10 June 2020. Please note businesses must submit all VAT returns on [...]

Switzerland | Covid-19 VAT measures to support businesses

March 24th, 2020|Switzerland|

In Switzerland, the Federal Council announced VAT measures to assist businesses with cashflow issues due to Covid-19. These measures include: Possibility for business to extend payment deadlines without paying interest on arrears; A reduction in the interest rate to 0% for VAT; A reduction in the interest rate to 0% for customs duties from 21 March 2020 to 31 [...]

UK Budget | Postponed accounting for import VAT after Brexit

March 18th, 2020|UK|

The UK Government wheeled back around to confirm Postponed Accounting for Import VAT from January 2021. Previously they announced that the scheme following a hard Brexit. Then they withdrew that simplification following adoption of the Withdrawal Agreement (and entering the transitional period). They now reversed this decision. The new scheme will apply to all goods coming into the UK, including [...]

UK Budget | New legislation for EU’s ‘Quick Fixes’ for call-off stock

March 17th, 2020|UK|

The UK Government will introduce legislation relating to call-off stock. These are simplified rules on the VAT treatment of intra-EU movements of call-off stock. The legislation will apply to goods removed from a Member State on or after 1 January 2020. The quick fix for call-off stock allows for a simplification application; the supplier no longer registers in the place [...]

UK Budget | Government to abolish ‘tampon tax’

March 14th, 2020|UK|

The UK Government will abolish the ‘tampon tax’ after Brexit; removing VAT on all sanitary products. The UK ‘tampon tax,’ widely criticised, taxes sanitary products at the standard 20% rate of UK VAT.  This is due to the UK’s VAT legislation aligning with EU VAT laws. As a result, that EU law prevented the UK from applying the zero-rate of [...]

EU | New rules for Payment Services Providers to combat VAT fraud

March 13th, 2020|EU|

The European Council (EC) adopted rules facilitating the detection of VAT fraud for Payment Services Providers. This is for cross-border e-commerce transactions and applies from January 2024. As noted in our story from 6 January 2020, the new measures include amendments to the VAT Directive. They requires Payment Services Providers to keep records of VAT and cross-border e-commerce payments. Furthermore, [...]

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