VAT Legislation Archives

VAT Legislation

France Changes the Game for E-Commerce Importers

December 10, 2021

CONTACT US What is Import VAT Deferment? When goods are imported in the European Union (EU), an import tax is charged. Although this import tax (VAT) is potentially recoverable, it creates a huge cash flow burden on the importer, who

What is MTD and why should I care?

March 4, 2021

The UK tax office, HMRC, introduced Phase 1 if their ‘Making Tax Digital’ (MTD) initiative in April 2019. The much more demanding Phase II implementation was supposed to come into effect in April 2020, but this was delayed owing to

VAT Reporting Obligations

October 12, 2020

Once your company is registered, you will need to be aware of the various returns that need to be filed and how all transactions should be declared. These include: Filing VAT Returns: Once registered for VAT, you will be obligated

Customs Clearance – Who can act as the declarant?

October 7, 2020

Importers must consider the practical issues relating to customs clearance. Many countries require that you appoint a local agent to act as importer of record - this is independent of VAT compliance The EU legislation relating to the importation of

EU Intrastat Thresholds Guide 2020

October 1, 2020

What is EU Intrastat Reporting? EU Intrastat reporting and the relevant EU Intrastat thresholds help customs to monitor the movement of goods within the European Union. It enables European governments to track statistics on the movements of goods between the

Cross-border VAT Recovery

September 14, 2020

If business incur VAT in a country but are not obliged to VAT register there, stand-alone submissions can be made to recover this VAT. Strict conditions apply to these claims. In order to encourage international trade, the EU has created

All about VAT – Rates, Triangulation, Chain Transactions & Supply and Install

August 4, 2020

Do you want to learn more about VAT? Read this article to learn about VAT Rates, what Triangulation means, when Chain Transactions take place and all about Supply and Install. VAT Rates If you’re registered, you have to charge VAT

Thailand moves to apply 7% VAT to foreign digital services

July 14, 2020

Last week the Thailand cabinet approved a draft bill to introduce a 7% VAT levy on digital services provided by non resident companies to local consumers in Thailand. The measure is being accelerated to help raise finances to fund extra

Import VAT Deferment in Netherlands – Article 23 License

June 14, 2020

When goods are imported into the European Union (including the UK), import VAT is charged as a percentage of the value of the imported goods. The company responsible for clearing the goods through customs is responsible for paying this VAT

VAT Legislation

VAT Legislation

France Changes the Game for E-Commerce Importers

What is MTD and why should I care?

VAT Reporting Obligations

Customs Clearance – Who can act as the declarant?

EU Intrastat Thresholds Guide 2020

Cross-border VAT Recovery

All about VAT – Rates, Triangulation, Chain Transactions & Supply and Install

Thailand moves to apply 7% VAT to foreign digital services

Import VAT Deferment in Netherlands – Article 23 License

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