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 …


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, …


Poland delays VAT split payments Jul 2018

December 21st, 2017

The Polish Ministry of Finance has said it will delay the introduction of Split Payments until 1 July 2018.  The anti-VAT fraud measure has already been delayed once since the original launch plan of 1 January 2018. Split Payments is a measure requiring B2B customers to pay the VAT element of an invoice into a …


Polish SAF-T for all businesses 1st Jan 2018

November 1st, 2017

From 1st January 2018, the mandatory requirement to submit Standard Audit Files for Tax (SAF-T) for all Polish VAT registered entities will be extended to all companies. SAF-T submission are due at the same time as the monthly or quarterly VAT return, and must be submitted by the 25 of the month following the reporting …


Polish live cash register requirements

September 27th, 2017

Poland is to introduce a new, centralised database to live record all cash based payments in shops, restaurants and similar outlets. This will include a new range of electronic point-of-sale registers which will be electronically linked to the database for instant reporting of transactions and VAT calculations. Data exchanged will include: price, VAT rate and …


Poland delays VAT split payments to April 2018

September 8th, 2017

Poland has announced a delay to the introduction of anti-VAT fraud Split Payments until 1 April 2018.  The original date had been 1 January 2018. Split Payments require the payment of the VAT element of a sales invoice into a special, restricted VAT Account of the vendor. The vendor may only use these funds to …


Poland delays Retail Sales Tax

August 23rd, 2017

Poland has delayed the reintroduction of a tax on retailers turnover until 2019 following a European Commission finding that it breached state aid rules. The tax was first introduced in September 2016, and was levied on the turnover of supermarkets, with an upwards sliding scale based on the total turnover of each retailer. The EU’s …


Polish VAT split payments 2018

July 21st, 2017

Poland is proposing to introduce an anti-VAT fraud split payment regime from 1 January 2018. The scheme involves customers paying the VAT element of any B2B supply directly into a supplier secure VAT bank account.  This account is then directly accessible by the tax authorities for settlement of the VAT liability and reconciliation to the regular Polish …