VAT news tagged as "Avoidance"

Czech Republic

Czech steps up anti VAT avoidance measures – unreliable tax payers

October 7th, 2014

The Czech VAT authorities have broaden the scope of measures implemented in 2013 against tax registered businesses which it considers high risk for VAT fraud or errors. Such companies are publically listed on the tax authorities’ website for public inspection. The scope of these businesses, known as ‘unreliable VAT payers’ is being extend as follows: …


Turkey

Turkey threatens 38% VAT on Twitter ads

April 28th, 2014

As part of a fractious negotiation between Twitter and the Turkish authorities, the Finance Ministry has suggested that Turkish VAT should be doubled from 18% to 36% on domestic advertising in an effort to recoup local tax revenues from the non-resident social network site. This follows a confirmation from the French tax authorities that it …


United Kingdom

UK guidance on VAT structures without economic basis

July 18th, 2013

Following the European Court Ruling on the Newey Ocean Finance case, the UK VAT office, HMRC, has produced an updated briefing on the how it views the creation of artificial corporate structures primarily constructed to avoid VAT. UK VAT authorities pursue underlying economic rational Ocean Finance was a company providing UK VAT exempt loan arrangement …