10 September 2015
The International Monetary Fund and the EU, which oversaw Romania’s bailout during the financial crisis, have opposed its plan to cut its VAT rate to 19%. In response to this, the Romanian Parliament has now confirmed that it will reduce its standard VAT rate from 24% to 20% on 1 January 2016, and then from 20% to 19% in January 2017.
LATEST NEWS
Brexit: UK VAT changes impacting e-commerce
From 1 January 2021, HMRC will introduce changes to the VAT treatment of goods sold from overseas businesses to UK consumers, either directly via import or via...
SEE MORE
LATEST NEWS
Fiscal representation after Brexit
With Brexit on the horizon, as a UK business it’s important you check whether you will now require fiscal representation in the EU countries where you’re...
SEE MORE
LATEST NEWS
Brexit: actions to help you prepare
The transition period after Brexit comes to an end this year and even if a trade deal is agreed, there will be a host of changes to the current VAT regime that...
SEE MORE