BREXIT NEWS: UK Brexit postponed accounting law for import VAT

The UK government has issued draft legislation relating to the implementation of postponed import VAT accounting in the event of a no-deal Brexit, please click here to view this legislation in full. As per our original article back in September 2018, postponed import VAT accounting will allow all UK VAT registered businesses to avoid having… Read More

UK propose rule changes for the VAT treatment of vouchers

The UK tax authorities have published a proposal for a change in the Value Added Tax (VAT) treatment of vouchers. This will affect retailers with promotional or loyalty programs and if accepted the new legislation will be introduced from 1 January 2019. The UK proposal follows the EU Voucher Directive which will take effect from… Read More

EU warns Germany regarding its unreasonable restrictions on providing VAT refunds

The European Commission (EC) recently warned Germany that it must reduce its restrictions on providing VAT refunds to non-resident businesses. The EC stated that Germany was unjustified in denying VAT refunds to taxpayers from other member states when all reasonable required information in accordance with the EU VAT refund directive, had been provided. Germany now… Read More

Hungary propose a range of VAT changes for 2019

From January 2019, the Hungarian tax authorities are proposing to introduce a number of changes to their VAT legislation, these changes include: The adoption of the new EU VAT rules for the treatment of single and multi-purpose vouchers – Our previous article from July 2016 explains the new VAT treatments that will apply to vouchers…. Read More

More Brexit news! Parliament vote on amendments to Brexit Customs Paper

During July 2018, the UK Parliament voted to amend the Brexit Customs Paper to ensure that the UK does not remain within the EU VAT regime after leaving the EU in 2020. The Brexit Customs Paper is a proposal on the future customs relationship between the EU and the UK post Brexit and these amendments… Read More

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

During July 2018, the Italian tax authorities announced that the new real-time invoice-reporting regime due to be implemented from 1 January 2019, will only apply to Italian resident taxpayers. As a result, non-resident Italian VAT registered businesses will not have to follow this obligation and will instead continue to file a Spesometro filing, a declaration… Read More

Uruguay imposes retrospective VAT on the supply of e-services

The Uruguayan tax authority recently confirmed that VAT at 22% is applicable on the sale of e-services to consumers by non-resident businesses in the country. Under previous legislation, non-resident businesses providing digital services in Uruguay did not have to charge VAT on their sales. However, in an effort to remove the unfair advantage that this… Read More

Colombia imposes VAT on the supply of e-services

The Colombian tax authority has recently confirmed that local VAT will be applicable on the sale of e-services to consumers by non-resident businesses. At present, non-resident businesses providing digital services in Colombia do not have to charge VAT on their sales. However, in an effort to remove the unfair advantage that this gives to non-resident… Read More

REMINDER: Poland VAT split payments from July 2018

From 1 July 2018, Poland will introduce a voluntary anti-VAT fraud split payment regime. Once introduced the split payment procedure will allow customers to pay the VAT amount of a sale directly into a special supervised bank account, while paying the net amount directly to the supplier. The tax authorities can then monitor the bank… Read More