Poland

Poland drops VAT return for SAF-T 2019

July 8th, 2018

Poland has announced plans to withdraw the requirement for the submission of monthly VAT returns. Instead, the already mandatory Standard Audit File for Tax (SAF-T) will suffice. This provides the tax authorities with details of all VAT transactions, and well as the total calculated VAT liability and other totals required for the existing VAT return. …


Worldwide

VAT Reporting v18.6.1

June 29th, 2018

Overview This release is a maintenance release of the VAT Reporting application for the month of June. It includes changes in reporting documents, SII updates, modifications in VAT Reporting and bug fixes. Main changes in reports Spain:The Modelo 353 Group Return (PDF) has been added, a consolidated form that is to be submitted by the …


Poland

Poland VAT fixed establishment risk

May 26th, 2018

Poland has recently been extending the liability of foreign companies to VAT register under the fixed establishment rules for services. Under EU VAT Directive rules, where businesses have a sufficient degree of permanence of human and technical resources to allow it to receive and use the services supplied to it, is has a fixed establishment …


Poland

Poland VAT split payments July 2018

May 21st, 2018

Poland is preparing to launch voluntary anti-fraud VAT split payments on 1 July 2018. This may be made mandatory from 2019 for certain industries. Purchasers of taxable goods or services will be given the choice to split the VAT element and pay into a special VAT Bank Account (‘r-VAT Account’) of their customer. If they …


Worldwide

VAT Reporting update 18.4.1

May 1st, 2018

Overview This release is a maintenance release of the VAT Reporting application for the month April. It includes changes to reports, modifications and bug fixes. Main changes in Reports Spain – Immediate Filing (SII) We have started to implement changes to support filing of SII V1.1, which will be available from 1st July 2018. Please …


Poland

Poland 1% bitcoin sales tax

April 14th, 2018

The Polish Finance Ministry has made all bitcoin trades subject to a 1% turnover tax. The tax, Podatek od czynności cywilnoprawnych, is a limited financial transaction tax on certain loans and mortgages. Under EU VAT rules, following an ECJ ruling, cryptocurrencies are treated as a private currency and therefore not subject to VAT on trades. …


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 …


Poland

Poland SAF-T

April 4th, 2018

Poland introduced the Standard Audit File for Tax (SAF-T) on 1 July 2016 for large tax payers. It went compulsory for all taxpayers on 1 January 2018. It is termed JPK (Jednolity Plik Kontrolny). Components of the monthly/quarterly submission includes 1. JPK_KR – Księgi Rachunkowe (Accounting books) 2. JPK_WB – Wyciągi bankowe (Bank statements) 3. …


Worldwide

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, …