2 November 2016
A range of draft measures have been proposed by Poland in order to help reduce the growing problem of VAT fraud. If accepted these will be introduced from 1 January 2017 and will include:
• Increasing the annual VAT registration threshold from PLN 150,000 to PLN 200,000 for Polish resident businesses
• Transfer of most companies VAT return reporting periods from quarterly to monthly, with the exception of micro-businesses
• Removal of the VAT exemption on some outsourced administrative services in the financial services industry
• An extension of the scope of the reverse charge to cover a range of services in the construction sector
• Increased VAT fines and penalties on errors and fraudulent activity
LATEST NEWS
Separate EORI number for Northern Ireland required
HMRC have recently confirmed that businesses who import and export goods from Northern Ireland (NI) will need a special Economic Operator Identification Number...
SEE MORE
LATEST NEWS
Fiscal representation not required in France for UK...
The French tax authorities have confirmed that UK businesses will not have a requirement to engage a fiscal representative when the Brexit transition period...
SEE MORE
LATEST NEWS
UK Intrastat still required after Brexit
The UK tax authorities have confirmed that English, Welsh and Scottish businesses importing goods into the UK from the EU will still be required to prepare and...
SEE MORE