VAT news tagged as "Crowdfunding"

Greece

Greek VAT on crowdfunding

January 24th, 2016

The Greek ministry of finance has issued guidance notes on the VAT treatment of Crowdfunding projects. This follows a similar briefing from the EU VAT Committee last year. The Greek guidance follows that of the Audit Committee. Reward-based schemes, whereby public cash investors will receive some goods or services in return for their cash investment …


Europe

EU confirms VAT on crowdfunding

November 18th, 2015

The EU’s VAT Committee has published its new review of the liability to VAT of crowdfunding activities, which included confirmation that VAT is due on reward-based crowdfunding projects. While not binding on EU member states, the conclusions of the Committee are highly influential, and are typically followed by national tax authorities’. European Commission (EC) concerns …


Europe

EU considers imposing VAT on crowdfunding

May 2nd, 2015

The European Commission (EC) has launched an investigation into whether crowdfunding should be liable to EU VAT. If it concludes that the public investment-raising activity is subject to tax, then many UK projects will face a 20% VAT liability on investor returns. The UK crowdfunding market was reportedly worth £1.7bn in 2014. Rewards crowdfunding – …