VAT news tagged as "VAT exempt"

Barbados

Barbados cuts VAT to 15% 2020

June 8th, 2018

The new Barbadian government is to cut VAT from 17.5% to 15% on 1 January 2020. The cut is partially aimed at helping to bolster the financial services sector, which cannot recover VAT it is charged as its services are VAT exempt. The government is anxious that regulatory tightening to avoid EU blacklisting may squeeze …


Europe

Discount vouchers do not escape EU VAT

November 13th, 2013

The EU has confirmed that paid-for discount vouchers on goods and services are not exempt from VAT. Discount Vouchers not a financial service for VAT Money-off discount vouchers provided for free have not price, and therefore no VAT due. However, face value discount vouchers have a value, and therefore VAT is potentially due. A number …