UK tax authorities have issued a new policy paper on extending the Making Tax Digital for VAT programme. Currently, VAT registered businesses trading above the compulsory VAT registration threshold must comply with digital VAT filing.
VAT receipts in the UK declined by 1.5% in 2019-2020, compared to the previous financial year. The HMRC VAT bulletin compiles data on the latest VAT trends. The report notes that the decrease was anomalous.
Italy, Belgium and Cyprus are among the EU countries that have confirmed that UK companies will not need a fiscal representative for VAT registration. UK businesses will welcome the news. Clarity on VAT registration and
The UK is introducing a new domestic VAT reverse charge process for the construction industry from 1 March 2021. The new regulations change the way contractors must manage VAT, under certain conditions. In terms of
A Dutch court of appeal has upheld a ruling that Deliveroo drivers are effectively employees and not independent contractors. The lawsuit was initially filed by Dutch trade union FNV. In the 2019 lower court ruling,
UK MPs have called for reduced VAT on energy-efficient home improvements. The parliamentary Environmental Audit Committee (EAC) recommends incentives to promote enhanced home insulation and more efficient heating, as well as steps to make electric
Thailand is implementing digital services VAT from 1 September 2021. Non-resident companies providing online services to customers in Thailand will be liable for 7% VAT. The VAT registration threshold is 1.8 million Baht per annum.
The UK government has issued updated guidance on exporting goods to the EU. Now that the UK has left the EU, any UK-based company following standard export procedures must do the following: Get an EORI
Botswana is raising its VAT rate for the first time in a decade. The move aims to improve fiscal sustainability in the wake of the Covid19 pandemic. The pandemic has hit key sectors of the
The UK government is not planning to extend VAT relief measures aimed at supporting the hospitality sector. UK hospitality sector VAT had been cut from 20% to 5% to provide a lifeline to the industry