EU update on VAT rules for eCommerce businesses
Date19 Jan 2018
CategoryVAT Compliance
The EU has recently declared new rules to help eCommerce businesses simplify how they account for VAT. These new rules apply to businesses selling both goods and services on a...
Update to Italian ‘Spesometro’ for 2018
Date18 Jan 2018
CategoryVAT Compliance
Update to Italian Spesometro for 2018 The reporting frequency for 2018 invoice listing (or ‘VAT Books’) submission (formerly ‘Spesometro’) has been changed by Italy, from quarterly to bi-annually. There will...
The UK Brexit Customs and VAT Bill
Date17 Jan 2018
CategoryVAT Compliance
Last week, the UK Parliament had its second reading of the ‘Taxation (Cross Border Trade) Bill’, which lays the ground for the post-Brexit Customs, VAT and Excise regimes. The Bill...
Simplification to Slovakian VAT registration
Date16 Jan 2018
CategoryVAT Compliance
From the 1st January, 2018, non-resident Slovakian businesses may side-step the responsibility to VAT register for intra-community transactions and distance sales from Slovakia. At present, foreign companies must apply for...
UK – Tax News
Date14 Nov 2017
CategoryVAT Compliance
The UK sets out post-Brexit cross-border tax plans On the 9th October, 2017, the UK Government released a number of ‘white papers’, setting out how it will accomplish its trade...
UK Tax
Date16 Aug 2017
CategoryVAT Compliance
UK postpones tax technology plans George Osborne, the previous Chancellor of the Exchequer announced last year “the death of the tax return”. A new plan named “Making Tax Digital’ and...
VAT rises ruled out ahead of UK elections
Date19 May 2017
CategoryVAT Compliance
The current Conservative government and the main opposition Labour party recently ruled out future rises in VAT ahead of June’s election. Since the 10%+ debit from the financial crisis, the...
More than 35,000 micro-businesses drawn into Brexit EU VAT net
Date17 May 2017
CategoryVAT Compliance
It is estimated that 35,755 UK micro-business selling over the internet into Europe face being drawn into the EU VAT net for the first time following Brexit. Cost could reach...
BREXIT – UK VAT and potential tax opportunities
Date26 Apr 2017
CategoryVAT Compliance
The concerns around Brexit has been dominated by the potential negatives and uncertainties facing the UK economy as it arranges to leave the European Union. This has been compounded in...
UK – VAT split payment system
Date24 Apr 2017
CategoryVAT Compliance
Recently the UK government launched a consultation on the use of split VAT payments for the e-Commerce industry. This split payment mechanism consists of the customer paying the VAT share...
UK – VAT measures announced in the Budget
Date19 Apr 2017
CategoryVAT Compliance
The Chancellor announced in the UK Spring Budget new measures for tackling VAT avoidance and evasion, together with an increase in the registration and de-registration thresholds. VAT Avoidance The elimination...
UK – changes to VAT
Date22 Mar 2017
CategoryVAT Compliance
The UK raises VAT Registration Threshold On 8th March, 2017 the UK Chancellor announced in his Spring Budget that the annual VAT ‘Registration Threshold’ will rise from £83,000.00 to £85,000.00,...
Increase on ‘free allowance’ on small packages
Date16 Jan 2017
CategoryVAT Compliance
From 1st January, 2017, the VAT-free threshold has been increased by the UK for small packages being imported in the country, from outside of the EU. The previously maximum value...