VAT news tagged as "Chain supplies"

Europe

EU ECOFIN future of VAT

October 17th, 2016

The European Union’s ECOFIN, council of EU finance ministers, published draft consultations on measures to improve the single-market’s VAT regime. The initiative is part of the European Commissions April 2016 EU VAT Action Plan. The underlying aim of the discussed reforms is to harmonise the EU VAT regime, stimulate cross-regional trade and reduce the opportunity for …


Germany

Germany VAT update

September 15th, 2013

A range of German VAT compliance changes are being implemented in the immediate future, including: In accordance with the new EC provision (Quick Reaction Mechanism) for the introduction of the reverse charge on certain goods in the fight against VAT fraud, domestic supplies of B2B gas are to be subject to the reverse charge.  This …


Poland

Polish VAT rules on chain supplies

June 23rd, 2013

As part of the many changes in the Polish VAT Act, new rules on the VAT compliance of chain supplies were introduced. Chain supplies covers when goods are bought and sold several times by different companies, but the actual movement of goods is only between the first company selling, and the last company buying.  The …