10 May 2019
Poland has confirmed that it will delay the planned mandatory split payment regime for companies involved in business-to-business (B2B) sales within certain sectors prevalent to VAT fraud, until January 2020.
Once introduced the split payment procedure will mean that customers of the businesses affected will have to pay the VAT amount of a sale directly into a special government supervised bank account, while paying the net amount directly to the supplier. The tax authorities can then monitor the bank account and make withdrawals in order to settle the supplier’s VAT liability.
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