VAT news tagged as "EU VAT"


Slovakia VAT update

May 28th, 2017

Slovakia has proposed several changes to its VAT laws which come into effect on 1 January 2018, including: The right for the tax authorities to seek a €1,000 VAT deposit for non-incorporated persons seeking VAT registration Withdrawal of the €5,000 threshold for application of domestic reverse charge on fraud-susceptible sectors Changes to the tourism industry …


ECJ VIES not required on nil rating

February 10th, 2017

The European Court of Justice has ruled that a customer is not required to have a VIES registered VAT number as a condition for a seller to zero-rate an intra-community supply. The ruling in Euro Tyre BV (Case C-21/16) concerned a Polish customer which presented a valid Polish VAT number which was not listed on …


EU pushes for Skandia implementation

January 7th, 2017

The European Commission’s VAT Committee has called for a full imposition of the Skandia tax case. The European Court of Justice case considered whether EU transactions between a foreign bank branch and its headquarters should be including in VAT groupings. Currently, see table below, there are significant variations between member states. The VAT Committee’s recommendations …


Cyprus VAT e-filings compulsory May 2017

December 28th, 2016

From 2 May 2017, VAT registered entrepreneurs will be required to file their VAT returns online. The Cypriot VAT reporting portal, TAXISnet, is now fully operational for all VAT returns and recapitulative statements. Businesses may register online with TAXISnet to file.


French 22% VAT possibility

December 10th, 2016

The prospect of a 2% VAT increase in France – from 20% to 22% – has been raised by presidential-favourite Francois Fillion. The former prime minister won last month’s Republican party nomination. He has proposed big cuts to the French corporate tax rate to help the country be globally competitive. The wealth tax would also …


Non-EU e-retail faces 40% EU VAT & customs hikes

December 2nd, 2016

The European Union has announced this week that it will scrap the VAT and customs exemptions for small packages delivered by non-EU e-commerce businesses.  The change is scheduled for 2021. The change, aimed at raising €5bn in tax, could add up to 40% in taxes to deliveries, and push EU consumers to shop with local …


EU e-commerce VAT plan

December 1st, 2016

On 1 December, the European Commission issued a range of measures to simplify the EU VAT regime, and make compliance easier for e-commerce. These will need to be agreed in full with the 28 member states. The measures include: 2017 Permitting member states to levy the same, reduced VAT rates on electronic books and journals …

United Kingdom

UK challenges EU e-commerce VAT

November 16th, 2016

A UK VAT case is making progress towards potentially relieving some e-commerce sellers of their foreign VAT registration and returns burden. Separating online selling from the delivery service eliminates foreign VAT registrations? The appeal case is being brought by Sports Direct, a UK high-street and online retailer, to the UK’s First-Tier Tax Tribunal shortly. It …


Bulgaria cuts Intrastat thresholds 2017

November 12th, 2016

Bulgaria is to lower the reporting thresholds for Intrastat, the monthly filing of movements of goods between the country and other EU member states. From 1 January 2017 the threshold for arrivals will fall from BGN 460,000 to BGN 410,000. The threshold for dispatches will drop from BGN 260,000 to BGN 240,000.


EU advances VAT reform

November 10th, 2016

The European Council has adopted this week a range of recommendations from the European Commission on some of the reforms from the VAT Action Plan. These include: Member states should move towards harmonization of the VAT treatment of consignment and call off stock and VAT registrations Customer EU VAT numbers should be considered as a …