New regulations concern an amendment to the VAT Act, with new rules when it comes to deleting companies from the VAT taxpayers register.
The results of a lengthy study released by the European Commission highlight EU countries lost €137 billion in Value-Added Tax (VAT) revenues in 2017.
In the event the UK withdraws from the European Union on October 31st without a withdrawal agreement (a no-deal Brexit),companies which are established in the UK and have obtained a Tax Identification Number (VAT Registration Number) for VAT purposes in Greece..
Over the past month an increasing number of European countries have announced upcoming VAT reductions applying to a wide range of goods and services.
Ongoing reports suggest around 150,000 construction firms could be hit hard by the upcoming changes to the VAT reverse charge mechanism.
The Japanese government had planned to raise the consumption tax from 8% to 10% as of 1st October 2019, however it is widely believed this could be delayed as a result of the current political uncertainty in the country.
As found in our Reporting Obligations & VAT Guides section, Intrastat reporting is a monthly obligation for companies who move goods across borders in the EU and are subject to varying value thresholds depending on the country involved.
The Polish Ministry of Finance has again delayed the introduction of SAF-T (Standard Audit File for Tax), which was agreed back in November 2018 to replace the existing VAT laws in the country.
The technology giant is never far from the headlines, albeit good and bad. After surviving several scares in the UK; being ‘banned’ from operating in London and mass black-cab protests to name a few, but this weeks news maybe it’s most damaging.
The MP for Rhondda, Chris Bryant, has called for the UK government to scrap the VAT applied to products such as sunscreen which are over SPF-30, in a push to encourage more people to use the cream.