REMINDER: Hungary to introduce real time VAT invoice reporting

A reminder that from 1 July 2018, the Hungarian tax authorities will introduce a new real time invoice-reporting regime, which will affect all VAT registered businesses in Hungary. When introduced the regime will apply to all business to business (B2B) sales transactions made in Hungary with a VAT amount above HUF 100,000 (approx.€320). All businesses… Read More

Italy to introduce B2B real-time invoice reporting from 1 January 2019

From 1 January 2019, Italy will introduce a new mandatory real time invoice-reporting regime that will apply to all domestic business-to-business (B2B) transactions in the country. This new regime will require all businesses, both resident and non-resident, that sell to other VAT registered businesses in the country, to declare these sales to the Italian tax… Read More

UPDATE: Hungary to introduce real time VAT invoice reporting

From 1 July 2018, the Hungarian tax authorities will introduce a new real time invoice-reporting regime, which will affect all VAT registered businesses in Hungary. When introduced the regime will apply to all business to business (B2B) sales transactions made in Hungary with a VAT amount above HUF 100,000 (approx.€320). All businesses undertaking these types… Read More

UPDATE: Hungary to introduce real time VAT invoice reporting

Hungary have postponed the introduction of the new real time VAT invoice reporting regime from 1 July 2017 to 1 July 2018. When introduced the regime will apply to all business to business (B2B) invoices with a VAT amount above HUF 100,000 (approx.$360). Businesses involved in these types of transactions will be expected to declare… Read More

UK plan to overhaul electronic VAT reporting system

The UK tax authorities are planning to overhaul the reporting of VAT by introducing a new reporting system called “Making Tax Digital” (MTD). It is hoped that the new system will be in use from April 2019 onwards and once implemented it will synchronise VAT reporting requirements with income tax and corporation tax obligations. Businesses… Read More

Hungary to introduce real time VAT invoice reporting

From 1 July 2017 Hungary will introduce a new real time VAT invoice reporting regime for all business to business (B2B) invoices with a VAT amount above HUF 100,000 (approx.$340). Businesses involved in these types of transactions will be expected to declare them to the Hungarian tax authorities prior to sending them to their customer…. Read More

France introduce live reporting for high-value VAT

From 1 January 2018, France will introduce a new live VAT invoice reporting requirement for any sales with a value above €863,000. Businesses that are affected will have 24 hours to report their transactions via the electronic portal on the tax office website.