The EU’s VAT e-commerce package has benefited online retailers in Europe. However there are a number of important VAT issues that still need to be worked out. That’s according to preliminary results of a survey by online retailer industry body
Rishi Sunak could introduce a UK e-commerce sales tax in his forthcoming budget, according to reports. The Telegraph quotes a government source as saying that the plans are still ‘rudimentary’ but there is clear impetus towards some kind of tax
Ireland’s proposed 2022 budget was announced in October 2021. The budget contains a number of VAT measures. Notably, the government will extend Ireland’s reduced 9% VAT rate for the hospitality sector until 31 August 2022. Ireland initially introduced the hospitality
E-commerce sales have boomed recently, as we spent more of our time indoors and online. This year’s Black Friday sale is an opportunity for e-commerce sellers to capitalise on the increase in online sales. However, cross-border sales means cross-border VAT,
South Africa’s National Treasury released a memorandum on a domestic VAT reverse charge for valuable metals. Government is proposing the VAT reverse charge regulations in response to ongoing VAT fraud in the precious metal industry, notably the supply of Kruggerands
A large number of taxpayers received incorrect charges or even fines in the Netherlands recently. State Secretary for Finance Hans Vijlbrief revealed that the problem was caused by a technical error due to the high rate of VAT submissions. According
The UK has delayed the invoicing deadline for its new Plastic Packaging Tax. In terms of the original guidance, applicable manufacturers or importers must include a statement with their invoice showing they have paid the Plastic Packaging Tax. The original
A recent report issued by the European Parliament highlights the administrative challenge and cost of VAT compliance. As the report by the European Parliamentary Research Service points out: “European Commission surveys constantly report that the current EU tax system and
Egypt’s content creators need to start paying their fair share of VAT. That’s the word from the head of the Egyptian Tax Authority, who says YouTubers and bloggers need to register for VAT if they exceed the applicable revenue threshold.
UK tax authorities are introducing a new penalty system for late VAT submissions. (The system also applies to Income Tax Self Assessment and will eventually extend to other taxes.) Under the new system, taxpayers will incur a defined number of