VAT news tagged as "Reporting thresholds"


Finland 2017 VAT changes

December 31st, 2016

Finland is to introduce a range of changes to the VAT regime from 1 January 2016. These amendments include: A new online tax reporting portal, OMAVERO, is to be launched All tax payers must file electronic returns Quarterly VAT returns may only be completed by businesses with an annual turnover of under €100,000 per annum …


Greece updates 2015 Intrastat thresholds

April 7th, 2015

The Greek VAT authorities have updated the reporting thresholds for Intrastat. The arrivals threshold has risen from €100,000 per annum to €150,000. The dispatches threshold has been unchanged and remains at €90,000 per annum. Intrastat reporting The Intrastat reporting regime was introduced into the European Union in 1993 with the creation of the EU’s Single …


Slovakia Intrastat recapitulative change proposals

May 23rd, 2014

The last proposals to change the Slovakian VAT code include a modification to the VAT compliance rules. New Intrastat threshold In all EU member states, Intrastat declarations are generally due on a monthly basis, and EU Intrastat reporting thresholds are set by each country. Intrastat is an additional reporting requirement There are varying thresholds for …

United Kingdom

UK consultation on simplifying and modernising Intrastat

January 25th, 2014

The UK’s HMRC released this week a consultation on ideas to simply and modernise Intrastat filings. EC to ease Intrastat compliance burden The consultation has been launched off the back of an EU initiative from Eurostat to reduce the compliance requirements for Intrastat.  Intrastat is the reporting schedule EU VAT registered companies must complete to …


Bulgaria changes 2014 Intrastat reporting threshold

January 6th, 2014

Bulgaria has changed its 2014 Intrastat reporting threshold.  These determine the annual amounts which taxable persons that are Bulgarian VAT registered in a country must start to complete monthly Intrastat detailing goods movements in and out of Bulgaria to other EU member state countries. The current arrivals (imports from other EU member states) threshold of …

United Kingdom

UK raises 2014 Intrastat reporting thresholds

January 5th, 2014

The United Kingdom has updated the annual reporting thresholds for dispatches and arrivals of goods on Intrastat declarations from 1 January 2014. The thresholds will rise as follows: the arrivals’ (import of goods from other EU member states threshold will rise from GBP600,000 to GBP1,200,000 per annum; and the dispatches’ (exports to other EU member …