Luxembourg VAT Groups

August 19th, 2018

From 31 July 2018, Luxembourg has introduced VAT Groups which permit closely bound, but legally independent, tax payers to file a single, combined VAT return. This enables them to minimise VAT payments and potential losses. This is based on Article 11 of the EU VAT Directive, and follows the ECJ Commission v Luxembourg C-274/15 judgement, …

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 …


Luxembourgian SAF-T

April 5th, 2018

Luxembourg introduced the Standard Audit File for Tax (SAF-T) on 1 January 2011. Luxembourg’s version of SAF-T is FAIA (Fichier Audit Informatisé Administration de l’enregistrement et des domaines). It is limited to resident companies subject to the local chart of accounts. There is a reporting threshold of €112,000 per annum. It is only required on …


VAT Reporting update 17.12.1

January 13th, 2018

Overview This release is a maintenance release of the VAT Reporting application for December 2017. It includes new reports for 2017 yearly filings and changes for 2018 and bug fixes. Main changes in Reports The following countries have been released for 2018: CY, LV, NL, SI, CZ, GR (GREZ), FI, AT, DE, EE, HU, LU, …


Luxembourg loses 60% of e-commerce VAT

July 22nd, 2017

2017 Luxembourg government revenue figures have confirmed that the 2015 e-services EU VAT MOSS reform has cost the principality over 60% of its e-commerce revenues. The reforms shifted the B2C e-services place of taxation from the origin of the provider to the location of consumption – generally where the consumer is ordinarily resident.  Historically, many e-services providers – …


Luxembourg VAT liabilities

August 22nd, 2016

Luxembourg is planning to tighten responsibilities and liabilities on VAT fraud in a number of areas in a new law.  Potential changes include: Fines for non compliance will extend to up to €10,000 (currently €5,000) Criminal liability, which brings a potential prison term of up to 5 years, will be extended to VAT fraud Penalties …