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.
This week HMRC published a letter to 145,000 UK businesses who currently trade goods with non-EU countries. The letter outline important changes to customs procedures and VAT for UK-EU trade that will occur if the UK leaves the EU without a deal, which is looking more and more likely.
It was announced this week that the Polish government are planning on enforcing split payments for industries susceptible to VAT fraud, in particular: trading fuel, scrap metal, electronics, precious metals, steel and car parts.
The Belgian tax authorities have recently issued a letter outlining the post-Brexit implications for UK established businesses VAT registered in Belgium.
HMRC have recently advised that UK businesses wishing to use the EU VAT refund electronic system (8th directive) to submit a refund claim for 2018 must do so by 11pm on 29 March 2019.
Throughout December, HMRC issued letters to business trading exclusively or heavily with customers based in the EU, outlining steps that they feel businesses should take in case a deal for the UK’s withdrawal from the EU cannot be reached prior to their exit.
Under Turkish VAT law, electronic supplies of newspapers, magazines and books have been subject to a reduced rate of 1% or 8%.