United Kingdom

Digitisation of VAT Reporting

April 5th, 2018

European countries are increasingly demanding detailed electronic VAT transactional reporting from businesses to help them efficiently track tax due and reduce significant tax evasion. This includes: EU SAF-T; Making Tax Digital in the UK; live invoice reporting in Spain, Hungary and Italy; and Control Statements. Many countries have now introduced voluntary and mandatory transaction reporting …


VAT Reporting update 18.3.1

April 5th, 2018

Overview This release is a maintenance release of the VAT Reporting application for the month March. It includes changes to reports, modifications and bug fixes. Main changes in Reports We have improved the reporting of transactions with mixed flows on the PL, CZ and IT VAT Books. South Africa: standard VAT rate changed to 15% …


Austrian SAF-T

April 4th, 2018

Austria introduced the Standard Audit File for Tax (SAF-T) on 31 January 2009. At present Austrian SAF-T is only required on-demand by the tax authorities, usually prior to a VAT audit by the Austrian Bundesministerium für Finanzen. The required file structure for Austrian SAF-T Enterprise master data: Chart of Accounts Customer and supplier master data Product master …


Austria lowers hotel VAT to 10%

March 1st, 2018

Austria is to lower the VAT rate on accommodation services, including hotels and bed & breakfast rooms and related services. The supplies will be moved from the current reduced rate of 13% to 10% from 1 November 2018. Most countries in the EU subsidies their tourism sectors such subsidies. The exceptions include the UK, Slovakia …


Austria extends TOMS VAT

November 27th, 2015

Austria is to extend the application of its Tour Operator Margin Scheme (TOMS) to apply to VAT registered customers from 1 January 2017 (extended from original 2016 plan). TOMS is a regime permitted by the European Union VAT Directive to simplify the VAT compliance burden of travel tour operators. Where operators are buying holiday packages …


Austrian hotel VAT rise delayed

October 8th, 2015

Plans to raise the Austrian VAT rate on accommodation services from 10% to 13% have been delayed until May 2016. The rise will also include charges for breakfast (which had been originally excluded from the change). Any accommodation provided as part of full board packages, including alcohol etc, would have to be split for VAT …


Austria reduced VAT rate increase 2016

September 3rd, 2015

Austria has confirmed plans to raise its reduced VAT rate from 10% to 13% from 1 January 2016 on the following services: Cultural events, including entrance to public museums and galleries Domestic air travel Sales of certain animal feeds Accommodation services  will not be subject to the rise until 1 April 2016.  The measures were included …


Austria proposes reduced VAT rate hikes

July 24th, 2015

Austria has proposed increases in the VAT rates to a range of goods. The following goods, currently at the reduced rate of 10%, would become subject to a new reduced Austrian VAT rate of 13%: Cultural events, including entrance to public museums and galleries Domestic air travel Sales of certain animal feeds The measures were …