18 November 2015
From 1 January 2016 the threshold for the quarterly filing of EC Sales Lists will be reduced from €100,000 to €50,000. This means that any businesses that exceed the new €50,000 threshold will need to submit their EC Sales Lists on a monthly basis. This change is as a result of a request from the European Commission who stated that the current threshold is not in accordance with EU VAT legislation.
LATEST NEWS
Switzerland’s new rules for platforms from 1 January...
Switzerland’s Federal Tax Administration will impose “deemed supplier rules” from 1 January 2025 on digital platforms (such as Amazon) to charge, collect...
SEE MORE
LATEST NEWS
Romania extends electronic invoicing to “business to...
Romania has announced that it will extend its electronic invoicing regime (eFactura) to business-to-consumer (B2C) transactions for both VAT-registered...
SEE MORE
LATEST NEWS
VAT Gap Report - 2022 estimate of lost EU VAT shows...
According to the annual VAT Gap report, an estimated €89 billion in VAT revenue was lost within the European Union (EU) due to non-compliance or...
SEE MORE