Following the recent Budget, there was no change announced to the VAT rate in Spain. The standard rate remains at 18%. There is new guidance on foreign companies’ distributing goods in Spain. A court case in Spain has decided that if a non-resident business also has a separate subsidiary in Spain, it can be deemed… Read More
On 1 April 2012 the standard VAT rate in Madeira and Azores was increased to 22% and reduced rates increased to 9% and 12%.
Finland has proposed an increase in the standard VAT rate by 1% to 24% from 1 January 2013 subject to approval in Parliament.
The scope of the reduced rate of VAT at 10% was extended on 1 March 2012 to cover certain food items. The standard VAT rate was also increased on 1 March to 25%.
France has announced that it will be increasing its standard VAT rate from 19.6% to 21.2% effective from 1 October 2012. France has also delayed the increase of VAT on books, from 5.5% to 7%, until April 2012.
The 15% standard rate of VAT will increase from 1 March 2012 to 17%.
The German Government has approved changes concerning the requirement for providing proof of shipment on Intra-Community supplies. From 1 January 2012 businesses that move goods from Germany for Intra-EU trade will have to obtain confirmation from their customers of the exact date of the arrival of the goods at the place of destination. The German… Read More