VAT News

Italy-VAT rate increase

In a law decree recently published in Italy, it was confirmed that increases in the standard and reduced VAT rates would commence from January 2018. The standard rate will increase as follows:

• From January 1, 2018-25%

;•From January 1, 2019-25.4%

;• From January 1, 2020-24.9%;

• From January 1, 2021-25%

Increases to the reduced rate will be as follows:

•From January 1, 2018-11.5 %

;• From January 1, 2019 12%

 • From January 1, 2020-13%

Related articles

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.

Read more
What is the e-Invoicing Directive?

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

Read more
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. 

Read more