The Prime Minister of Greece, Alexis Tsipras, has confirmed the Greek parliament have approved his proposal to reduce the rate of VAT across various sectors in the country as previously stated here.
HMRC have announced a new initiative and are applying new rules where the recipient of certain construction services will now be responsible for accounting for VAT, rather than the supplier.
A Fiscal representative is a type of VAT agent who is responsible for the VAT compliance of its clients such as VAT records, filings and VAT payments.
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.
With only two weeks before the European Parliament elections take place (26th May), Greek Prime Minister Alexis Tsipras has announced a proposal featuring a number of significant tax reductions for Greek businesses, with the focus clearly being on increasing tourism to the country.
In order to facilitate common defence efforts and to align with the EU’s Common Security & Defence Policy (CSDP), the European Commission has accepted a proposal to exempt certain supplies to the armed forces from Value Added Tax (VAT) and other excise duties.
Below you will find a list of all key changes to national VAT and Goods & Services tax rates from around the world that have been implemented since the turn of the year.
The Federal Tax Authority in the United Arab Emirates has introduced a VAT refund scheme for foreign business visitors travelling to the area. In order to successfully claim a VAT refund, you are required to create an e-services account with the FTA’s new system first.
The Italian government are preparing for the worst ahead of the upcoming UK Brexit vote after releasing guidance on the VAT treatment of goods which move within the UK in the case of a no-deal UK Brexit departure on 29th March 2019.