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COVID-19 VAT Cashflow Tips (Part One)

COVID-19 is affecting business in ways no one thought possible. In order to free yourself from the burden of cashflow worry, we’re trying to do our bit to advice you on ways you can inject income into your bottom line.

April 2, 2020
HMRC Postpones Phase 2 Making Tax Digital Till April 2021

April 1 2020, was meant to be the date that HMRC launched phase II of making Tax Digital across the UK. However, due to COVID-19, they have made the decision to postpone the rollout by one year to April 1 2021. 

March 31, 2020
Coronavirus: Tax provisions and Easements by Country 

A country-by-country breakdown of the tax provisions and easements being implemented by individual country tax authorities.

April 8, 2020
Coronavirus: Online Gaming and Digital Conferencing Surge May Mean Extra Attention to VAT Compliance 

The Coronavirus outbreak has lead to a surge in the usage of certain digital services such as online gaming and conferencing apps.

March 31, 2020
Covid-19 VAT Implications Worldwide 

Covid-19 VAT implications around the world and what governments are doing to help.

March 18, 2020
The Essential Amazon VAT Guide for Online Sellers

According to European law, if your business sells goods directly to customers (B2C) via the internet, your business will be obliged to register for VAT

March 16, 2020
Mexico Imposes 16% Digital Services VAT

Mexico has joined the growing number of companies to implement VAT on eCommerce and digital services that are provided to Mexican residents by non-resident businesses.

March 3, 2020
Understanding Norway’s New VAT on eCommerce VOEC Scheme

If you’re a distance seller or online marketplace, then your business (or least its tax department) will need to have a firm understanding of Norway’s new VAT on eCommerce (VOEC) scheme in order to remain compliant in Norway. April 1st is around the corner and you’ll need to be paying the Norway tax man by then.

February 28, 2020
Selling apps, software, streaming or cloud-hosted services: Are VAT Penalties a Part of Your Future?

VAT structure and legislation is complicated for any multinational organisation or business making sales across the globe but with the exponential growth of the digital services industry, VAT compliance is even more complicated within this sector.

February 24, 2020
Brexit: So Long and Thanks for all the Fish?

According to the UK Office for National Statistics, fishing was worth £784m to the UK economy in 2018. By comparison, the financial services industry was worth £132bn.

February 24, 2020
The Essential Guide to Nordic VAT Compliance

Understanding VAT Requirements in Denmark, Finland, Iceland, Norway and Sweden

February 24, 2020
Algeria introduces 9% Digital Services VAT

The Algerian tax authorities will be imposing a new Digital services tax of 9%. The VAT will be charged on e-services that are provided by non-resident providers to Algerian residents.

February 24, 2020
Malaysia Imposes 6% DST on Non-resident Companies

Malaysia introduced a new digital services tax that took effect in January 2020. In a bid to increase the country’s revenue, a tax levy of 6% will need to be paid. 

February 24, 2020
Ecuador Enforces 12% Digital Services VAT

Ecuador is the latest country to officially introduce VAT on digital services. Foreign businesses providing e-services to Ecuadorian residents, will need to register for VAT in Ecuador in order to remain compliant.

February 24, 2020
 U.S. Sales Taxes By State 2020

Although US sales tax does not fall into the arena of VAT registration and compliance, we still want all our clients to know what they should be charging if they are retailing in U.S states. Below are the 2020 US sales and SUT tax rates for your guidance.

February 24, 2020
Digital Services VAT Guide 2020

An international VAT Guide for digital businesses everywhere

February 24, 2020
UK Import Customs & VAT Regulations Set to Change Post Transition Period, HMRC Confirms

The UK will introduce import controls on EU goods at the border after the Brexit having a significant impact on UK import VAT.

February 14, 2020
Nearly half (46%) of European organisations not confident in e-invoicing compliance due to a lack of experts and resources

vatglobal has today released the findings of new research exploring the evolving European VAT landscape, highlighting the current situation across the UK, Germany and Sweden.

January 30, 2020
Goodbye UK: “We will always love you and you will never be far”

The European parliament approved Boris Johnson’s Brexit deal on Wednesday marking the final major decision in a four-year long journey. 

January 30, 2020
Ukraine Introduces 20% Digital Services VAT

Ukraine Introduces 20% Digital Services VAT.

January 30, 2020
France Cracks down on VAT Fraud on e-commerce 

In a bid to further their clamp down on digital tax and VAT fraud, the French VAT authorities have released further details about the obligation for online e-commerce businesses to provide extensive details about all French sales.

January 23, 2020
South Africa: Digital Services VAT and Who Needs to Register for it

South Africa is broadening its definition of what constitutes a digital service forcing VAT registrations in the country.

January 23, 2020
Making Tax Digital: Are you Ready for Phase 2?

When Phase 2 of Making Tax Digital is rolled out in April of 2020, over one million businesses of all sizes will be affected by major factors that were not prevalent in phase 1.

January 21, 2020
What is the e-Invoicing Directive?

Important announcements regarding the e-Invoicing Directive which will impact all businesses across the EU.

January 17, 2020
France Cracks down on VAT Fraud on e-commerce 

In a bid to further their clamp down on digital tax and vat fraud, the French VAT authorities have released further details about the obligation for online e-commerce businesses to provide extensive details about all french sales. 

January 17, 2020
The Difference Between Digital Services Tax and VAT on Digital Services

vatglobal CEO, Gareth Kobrin, explores Digital Services Tax and the ongoing feud between France and the US.

January 17, 2020
Brexit Takes Center Stage at Downing Street Meeting

Meetings between Boris Johnson and Ursula von der Leyen, the president of the European Commission progress forward.

January 13, 2020
How to Get a Company Tax Number in New Zealand

Acquiring a company VAT number in New Zealand entails registering for domestic GST

January 6, 2020
France Combats Tax Fraud: Fiscal Representation Now Required for VAT Filing

Fiscal Representation in France for VAT compliance | The French ’Inspection Générale des Finances (IGF) has issued a report on securing the collection of value added tax (VAT) while combating fraud. 

January 6, 2020
Boris Johnson wins Election: The Countdown to Brexit Begins

Come the end of January 2020 the UK will officially leave the European Union and UK businesses will have many aspects around VAT compliance to consider due to the beginning of Brexit.

December 17, 2019
Spanish VAT: Understanding Suministro Immediato de Informacion (SII)

If you’re about venture into Spain and need to register for Spanish VAT, then this article provides a foundation of understanding Suministro Immediato de Informacion (SII).

December 17, 2019
Eleven European Countries Approve EU Council’s “Quick Fixes” to VAT Legislation

Eleven European countries have approved the quick fixes made to four EU council directives which will be in effect from 1st January 2020.

December 17, 2019
Have you registered for GST in Singapore yet?

If your digital services business has not registered for GST in Singapore as yet, time is ticking.

December 17, 2019
India Determined to Raise Taxes and Review Exemptions in a Bid to Increase Revenue

The move to review tax rates, exemptions and the cess comes amid a shortfall in revenue receipts of the union.

December 17, 2019
Why Half of Small Businesses Make VAT Return Errors

Why Half of Small Businesses Make VAT Return Errors

December 17, 2019
MTD for VAT — A New Compliance Rule for UK Businesses

MTD for VAT — A New Compliance Rule for UK Businesses

December 17, 2019
6 Steps For Submitting VAT Returns Correctly

6 Steps For Submitting VAT Returns Correctly

December 17, 2019
About Cryptocurrency and VAT Implications

The World is Watching: Cryptocurrency and VAT Implications

December 17, 2019
The Viability of Removing VAT on Digital Publications

The Viability of Removing VAT on Digital Publications

December 17, 2019
Taxing Digital Platforms: The Uber Test

Taxing Digital Platforms: The Uber Test

December 17, 2019
Norwegian VAT Law Change Demands Local Registration in 2020

Businesses shipping to and selling goods in Norway are in for extra VAT registration admin in 2020.

December 17, 2019
Why overlooking the VAT determination process is detrimental in the era of tax digitalisation

As tax moves into the digital world, hundreds of thousands of organisations across Europe will face substantial challenges when it comes to adhering to VAT.

December 17, 2019
Infringement Proceedings Brought Against Germany Over E-commerce VAT Rules

The European Commission decided to initiate formal infringement proceedings against Germany over section 22f & 25e of the German VAT Act.

December 17, 2019
HMRC Issue Letters on No-Deal Brexit Advice For UK Businesses Trading within the EU

HMRC letters to VAT-registered businesses trading with the EU explaining how to prepare for changes to customs, excise and VAT if the UK leaves the EU without a deal.

December 17, 2019
Revolutionary Digitised Tax System 'myDATA' Introduced in Greece

Greece’s government have made significant changes to their tax system which aims to simplify taxpayers filing requirements.

December 17, 2019
Important Changes For Intra-Community VAT in Poland

As of 1st January 2020, significant changes to intra-community VAT system in Poland will come into effect.

December 17, 2019
Bulgaria Target Reduction to EU VAT Gap

Bulgaria have amended their VAT registration rules for taxpayers

December 17, 2019
Portugal Tax Authorities Clarify That Buying & Selling Cryptocurrency Is Tax-Free

The Portuguese Tax & Customs Authority (PTA) have announced the buying or selling cryptocurrency in Portugal is a tax-free transaction.

December 17, 2019
Domestic Reverse Charge For Construction Sector Delayed

HMRC has announced a delay to the introduction of the VAT Domestic Reverse Charge for construction businesses after a coalition of trade bodies and organisations highlighted its potentially damaging consequences.

December 17, 2019
Significant Changes to Polish VAT System

Discover a comprehensive review of the implemented and upcoming changes to the Polish VAT system.

December 17, 2019
Impact of Brexit on UK VAT

VAT expert and VATGlobal CEO, Gareth Kobrin explains the impact of Brexit on UK businesses.

December 17, 2019
VAT Gap Report Highlights Significant Losses in VAT Revenue Across Europe

EU countries lost €137 billion in VAT revenues in 2017

December 17, 2019
Greece Announce UK Businesses Will Require A Fiscal Representative in They Leave the EU Without a Deal

Greece’s Independent Authority for Public Revenue have just confirmed UK established firms will now require fiscal representation to perform taxable transactions should a no-deal Brexit occur.

December 17, 2019
UAE Introduce Electronic System for New Excise Tax Reporting

The Federal Tax Authority has unveiled a new electronic system designed to aid the registering of excise goods in the UAE.

December 17, 2019
10% of UK Businesses Miss First MTD Deadline

HMRC figures show one in ten UK firms filed VAT non-compliantly after the first deadline.

December 17, 2019
Croatia Announce Reduction to Standard VAT Rate

Croatian Finance Minister, Zdravko Maric, announces plans to reduce standard VAT rate to boost national tourism, hospitality and food & drink industries.

December 17, 2019
Financial Times Discuss The Future of VAT with Russian Head of Federal Tax

Showing his plans for the first time to an International media organisation, Mishutin shares he is an advocate for digital, real-time tax administration with no tax returns in Russia.

December 17, 2019
Foreign Businesses No Longer Require A Local Fiscal Representative In Saudi Arabia

Saudi Arabia have amended their VAT laws as of 18th July 2019.

December 17, 2019
Review of European VAT Reductions Announced in July 2019

This month an increasing number of European countries have announced planned VAT reductions across a wide range of goods and services.

December 17, 2019
New Greek Government Planning Major Tax Cuts

Among changes announced were a substantial reduction in both corporate tax and value-added tax (VAT).

December 17, 2019
Digital Services Tax Heading to France

Legislation approved in France this week imposes a digital services tax on technology firms.

December 17, 2019
Construction Sector Building Up For A Cash-Flow Crisis

Thousands of construction companies are facing a 20% drop in cash flow when VAT changes come into force in October.

December 17, 2019
Crypto Tax Crackdown

US announce crackdown on crypto tax evasion, whilst other countries exempt crypto from VAT altogether.

December 17, 2019
Japan To Increase Consumption Tax Despite Impending Recession

Japan set to raise Consumption Tax by 1st October 2019

December 17, 2019
Widespread Intrastat Changes Across Europe

Intrastat thresholds have changed in several EU countries as of 2019. Discover the changes and how it impacts you.

December 17, 2019
HMRC Announce Unpopular Proposal to Significantly Increase VAT On Solar Panels

HMRC put forward legislation to increase VAT for home solar-power systems from 5% to 20%.

December 17, 2019
Calls to End Aviation's Tax Break In The EU

The Netherlands and France have joined forces in attempts to convince other European countries to end the current tax exemptions on jet fuel and plane tickets, as part of an ongoing drive to make the EU carbon neutral by 2050.

December 17, 2019
Kuwait Ministry of Finance Announce Introduction of VAT

Kuwait reports indicate that it plans to implement a 5% VAT regime from 1st April 2021.

December 17, 2019
Poland Delay Replacement of VAT System with SAF-T to 2020

The Polish Ministry of Finance has delayed the introduction of SAF-T to replace the existing VAT system to 2020.

December 17, 2019
Range of Surprising New Tax Laws Introduced in Costa Rica

Effective from 1st July 2019, the number of products and services that will be subject to VAT has significantly increased in the country.

December 17, 2019
California Sales Tax for Remote Sellers

A sales tax registration & collection obligation imposed on remote sellers which exceed $500,000 in sales in California.

December 17, 2019
Wide Ranging VAT Reductions Approved in Greece

The Greek PM's proposal for reduction in VAT across a wide range of goods is approved.

December 17, 2019
HMRC Targeting Construction Firms to Prevent VAT Fraud

Construction sector businesses have been warned they will be the focus of targeted rule changes that aim to tackle VAT fraud.

December 17, 2019
Requirement to Appoint a VAT Fiscal Representative In Iceland Ends

Businesses selling in, or to, Iceland will no longer require a fiscal representative for VAT

December 17, 2019
HMRC Opens Investigation into Uber Over £1bn Unpaid VAT

HMRC is looking to whether Uber should be classified as a transportation company, and therefore liable to pay VAT in the UK.

December 17, 2019
UAE Averaging 8,000 VAT Refunds Every Day

500 days since it's introduction, VAT refunds in the UAE are soaring.

December 17, 2019
UK MP Calls for Scrapping VAT Applied to Sunscreen

UK MP Chris Bryant calls for scrapping the 20% VAT rate applied to sunscreen products, encouraging more people to regularly use it.

December 17, 2019
Greek VAT Reductions Aims to Increase Tourism

On the eve of a European election, Greek Prime Minister Alexis Tsipras proposes a number of significant tax reductions focusing on increasing tourism to the country.

December 17, 2019
New 'Super Weapon' Against VAT Fraud In Europe

The Transactional Network Analysis quickly uncovers suspicious transactions and fraudulent VAT activity.

December 17, 2019
Lithuania to Reduce Standard Rate of VAT

A proposed VAT law change is close to being implemented in Lithuania in attempts to boost the economy.

December 17, 2019
European Commission Announce VAT Exemption for Supplies to Armed Forces

Under the new rules, armed forces deployed outside their own Member State would not pay VAT or excise duty to other Member States

December 17, 2019
Kuwait Announce Introduction of VAT in 2021

Following an announcement from the Budget Committee in Kuwait, VAT will not be introduced to the state for at least two years.

December 17, 2019
Five Key Changes to China's VAT in 2019 | Chinese VAT

Part of a major overhaul of pre-existing VAT systems, the Chinese Government are implementing a number of significant changes to their VAT laws and processes. | Chinese VAT

December 17, 2019
Changes To International VAT Rates in 2019

A concise list of all major changes made to Value Added Tax (and Goods & Services Tax) rates around the world that have come into effect since 1st January 2019.

December 17, 2019
Bahrain’s biggest businesses prepare for their first VAT return

By the end of the month, Bahraini businesses will have to submit their first ever VAT return within the country.

December 17, 2019
VAT Refund Scheme Introduced for Foreign Business Visitors to the UAE

The Federal Tax Authority in the United Arab Emirates have introduced a VAT refund scheme for foreign business visitors traveling to the area.

December 17, 2019
2019 European Tax Technology Survey

A summary of the 2019 Thomson Reuters report on how tax teams are tackling the challenges of a digital tax world.

December 17, 2019
Over 300,000 businesses now registered for VAT in the UAE

The Federal Tax Authority in the UAE see a record number of VAT registrations.

December 17, 2019
Making Sense of Making Tax Digital with SAP Concur

Gareth Kobrin, CEO of VATGlobal & Abbey Heller, of SAP Concur, discuss the upcoming Making Tax Digital deadline.

December 17, 2019
China Continue to Cut Tax Rates

Following the decision of the State Council, the Ministry of Finance in China has announced $298bn tax cuts to boost growth.

December 17, 2019
Italian Government are Preparing for a No-Deal Brexit

Italian authorities have announced their plans ahead of the UK's possible no-deal Brexit departure.

December 17, 2019
Introduction of a U.S Consumption Tax Would Raise $3 Trillion

U.S. Consumption Tax of 5% could raise $3 trillion by 2028 says Congressional Budget Office.

December 17, 2019
EU Exit - Update from HMRC

HMRC outline important changes to customs procedures and VAT for UK-EU trade that will occur if the UK leaves the EU without a deal.

December 17, 2019
Major changes to the Polish VAT system

New legislation announced sees enforced split payments for industries susceptible to VAT fraud. As well as a new list of goods and services, currently at 8% VAT, that will be reduced to a rate of 5% based on CN codes and the Polish classification of goods and services.

December 17, 2019
Belgium-VAT numbers post Brexit

UK businesses VAT registered in Belgium will be required to appoint a fiscal representative post Brexit

December 17, 2019
UK Brexit-MOSS Rules

Businesses currently using the MOSS system in the UK must be aware of changes following Brexit

December 17, 2019
UK Brexit-Urgent action for 2018 claims

UK businesses wishing to claim EU VAT incurred in 2018 must act now

December 17, 2019
UK-Import VAT deferral

The statutory instrument enabling businesses to defer UK import VAT has recently been issued

December 17, 2019
UK-HMRC issue letter to businesses regarding 'no-deal' Brexit

Businesses who may be heavily affected by a 'no-deal' Brexit have received letters from HMRC

December 17, 2019
May's historic Brexit loss - what now for VAT?

With the massive loss experienced by the Prime Minister in the Commons yesterday, we have never been further away from a deal. Without a deal agreed between the UK and EU, there is nothing but uncertainty from a VAT perspective...

December 17, 2019