28 November 2014
A new import VAT scheme is scheduled to be implemented in 2015 and will allow for import VAT postponement for large traders making annual sales above € 6 million. This scheme will allow the importer of the goods to delay the payment of Spanish import VAT until the time of the next VAT return and will benefit companies making taxable supplies in Spain where VAT is collected as they will be able to offset this against the postponed VAT owed from their imports.
LATEST NEWS
Emergency VAT measures to combat the financial impact...
Due to the negative financial impact that the coronavirus pandemic is having on businesses all over the world, a number of tax authorities have implemented...
SEE MORE
LATEST NEWS
UK cuts hospitality and tourism VAT to 5% until...
From 15 July 2020 to 12 January 2021, the UK will cut the VAT rate applicable on hospitality services from the standard rate of 20% to the reduced rate of...
SEE MORE
LATEST NEWS
Portugal extends VAT return deadlines
The May and June monthly VAT returns due on 12 July and 12 August respectively are now due on 17 July and the 17 August. The deadline for the March to June...
SEE MORE