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No VAT Cuts in Netherlands Due to Limited Supporting Systems at Tax Authorities
No VAT Cuts in Netherlands Due to Limited Supporting Systems at Tax Authorities

No VAT Cuts in Netherlands Due to Limited Supporting Systems at Tax Authorities

No VAT Cuts in Netherlands Due to Limited Supporting Systems at Tax Authorities The Netherlands will not be following their neighbouring countries, Belgium and Germany in granting VAT rate cuts to stimulate the economy against the pandemic. VAT Cuts in the Netherlands are not possible because the supporting automation systems at the tax authorities cannot […]

COVID-19 Pandemic: Bulgaria Cuts VAT Rate to 9% on Books and Restaurant Services
COVID-19 Pandemic: Bulgaria Cuts VAT Rate to 9% on Books and Restaurant Services

COVID-19 Pandemic: Bulgaria Cuts VAT Rate to 9% on Books and Restaurant Services

The Bulgarian tax authorities are slashing the vat rate on books and restaurants to 9% in an effort to ease costs on these goods and services in light of the Coronavirus pandemic.  The temporary reduced 9% VAT rate for books and restaurant services will apply from 1 July 2020 until 31 December 2021. The Bulgarian […]

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VAT e-commerce Package Postponed by 6 months, EU Commission Proposes

VAT e-commerce Package Postponed by 6 months, EU Commission Proposes

The European Commission released a statement on Friday 7th May that it proposes to postpone entry into application of the VAT e-commerce package by 6 months. The EU commission hopes this will ease the pressure off businesses and member states that are facing bigger challenges in the midst of the Coronavirus crisis. The new proposed […]

HMRC: No VAT on e-Publications for UK Citizens as of 1 May 2020
HMRC: No VAT on e-Publications for UK Citizens as of 1 May 2020

HMRC: No VAT on e-Publications for UK Citizens as of 1 May 2020

HMRC has scrapped VAT completely off e-books and e-publications from 20% down to 0%. In an effort to make reading more accessible for the UK public while in self-isolation due to the Coronavirus, HMRC fast-tracked the motion and implemented it seven months ahead of schedule.  Chancellor of the Exchequer Rishi Sunak said: ‘We want to […]

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