VAT changes in 2015

Lithuania will be introducing the euro on 1 January 2015. Also from 1 January 2015, the following VAT amendments are currently being discussed in the government: VAT will apply at 5% to the following goods: Freshly frozen meat and edible slaughterhouse waste; Freshly chilled poultry; Transport of animals, meat products and preparations

New VAT rules from 1 October 2014

From 1 October 2014 a new decree introduces new invoicing rules. From that date businesses will have to report the name of the invoicing program they are using to produce invoices and receipts. It has to be approved by the tax office. This report has to be filed by 15 November 2014. It is thought… Read More

VAT changes in Italy

The super reduced rate of 4% which is currently levied on such items as basic foods will also apply to rice based products following a recent clarification from the tax office.

New VAT rate proposals in Czech Republic

The Czech government is to introduce a second reduced VAT rate of 10% to be implemented by January 2015. The new rate will apply to pharmaceuticals, e-books and baby food products. Alongside the 10% reduced rate proposal, there were also proposals for a 5% reduced rate and a VAT rate simplification (combining the standard rate… Read More

VAT changes in the United Kingdom

From 1 July 2014 a domestic reverse charge for VAT accounting will apply to all wholesale supplies of gas and electricity between counterparties established in the UK. The domestic reverse charge will not apply to supplies of gas and electricity made under supply license or metered arrangements to domestic and business premises (supplies for consumption)…. Read More

VAT changes in Croatia

From the beginning of June 2014, non-resident business providers of road passenger services in Croatia must apply for a VAT registration number, and pay VAT (at 25%) based on the fare and proportion of the travel in Croatia. The VAT charged should then be declared in a monthly return, plus an annual VAT declaration. Companies… Read More

Another VAT rate rise in Portugal

The government has announced yet another rise in the standard VAT rate. This time the rise will be to 23.25% from 1 January 2015 and it will be the 3rd rise since the economic crisis hit the Euro area in 2007.

VAT increases in Luxembourg

The VAT rate increase to 17% effective 1 January 2015 has been agreed in principle by the government. The intermediate rate of 12% will also increase to 14% and the reduced rate from 6% to 8%. The super-reduced rate of 3%, which is applied to, for example, food items, will not be changed, but it… Read More

Potential changes to the VAT treatment of land related supplies

The VAT liability of services connected with land and buildings has always been a complex cross-border topic. During April 2014, the EU Commission and Fiscalis published a “Request for input from businesses” to highlight the particular areas of difficulty surrounding this area. We have responded to this request with a set of slides, succinctly laying out… Read More