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 …


Spanish SII update July 2018

March 31st, 2018

Spain is planning modifications to its near live VAT transaction reporting regime, Immediate Supply of Information or SII. Since 1 July 2017, SII reporting obliges qualifying businesses to summit relevant invoices within four days of issuance or receipt. It is only required from ‘large’ taxpayers (above €6m turnover per annum), entities in VAT groups and companies …


Spain SII (Immediate Information Supply) update

March 3rd, 2018

The Spanish regime for near-live reporting of invoices, SII (Immediate Information Supply), is to be modified from 1 July 2018. The system was first introduced on 1 July 2017, requiring all large-sized (over €6million turnover per annum) VAT registered businesses to e-report invoices within 4 days of their issuance. The changes include: Provision for companies which …


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, …


Spain cuts VAT on some supplies

August 22nd, 2017

The latest Spanish VAT law update has been ratified, and included reclassification of the following taxable supplies from the standard VAT rate of 21% to the reduced rate of 10%: Hotel mixed supplies, camping and spa services, restaurants and, in general, the provision of meals and beverages to be consumed immediately, even if they are …