Luxembourg collects unpaid taxes from recent tax amnesty
Date31 jan 2018
CategoryVAT Compliance
Luxembourg has collected over EUR30mln (approx. $36.7mln) in unpaid taxes in 2016 as a result of a tax amnesty scheme, Finance Minister Mr Pierre Gramegna has told parliament. Reacting to […]
Spain announced 4% transfer tax on P2P internet sales
Date30 jan 2018
CategoryVAT Compliance
Spain has prolonged its ‘Impuesto de Transmisiones Partrimoniales’ (ITP) transfer tax to the sale by consumers of second-hand goods on the internet. If consumers are not VAT registered, then the […]
Hungarian ‘live VAT invoice reporting’ will commence July 2018
Date30 jan 2018
CategoryVAT Compliance
Hungary advised recently that ‘live VAT invoice reporting’ will proceed from the 1st July, 2018. The requirements relate to VAT invoices above HUF100,000.00. The timing of reporting has been tightened […]
Norwegian SAF-T delayed to 2020
Date29 jan 2018
CategoryVAT Compliance
Norway will introduce an on-demand compulsory Standard Audit File for Tax (SAF-T) requirement for taxpayers from the 1st January, 2020. The introduction of the electronic tax transaction data reporting had […]
Romania has implemented limited VAT ‘Split Payments’ from March 2018
Date26 jan 2018
CategoryVAT Compliance
Romania has applied a limited VAT ‘Split Payments’ regime from the 1st March, 2018 in an attempt to reduce VAT losses and fraud. From the 1st January, 2018, Romanian taxpayers […]
HMRC urged to temper new VAT penalties for online retailers
Date26 jan 2018
CategoryVAT Compliance
HMRC urged to temper new VAT penalties for online retailers ‘ The Chartered Institute of Taxation (CIOT) is calling for amendments to a new government scheme to tackle VAT evasion […]
EU Member States to work collectively to stamp out VAT fraud
Date25 jan 2018
CategoryVAT Compliance
European Union Member States to work collectively to stamp out VAT fraud Towards the end of 2017 the European Commission released new tools intended to make the European Union’s value-added […]
VAT ‘Split Payment’ benefit questioned by the EU
Date24 jan 2018
CategoryVAT Compliance
VAT Split Payment benefit questioned by the EU A European Commission study into the benefits of ‘Split Payments’ as a VAT collection tool, aimed at battling VAT fraud, has cast […]
There are more than 800,000 online stores in Europe
Date23 jan 2018
Categoryamavat Nieuws
e-Commerce News along with data company, Dataprovider, have conducted research to find out how many online stores are currently in Europe. According to the research, there is a 98% accuracy […]
VAT rate changes 2018
Date22 jan 2018
CategoryVAT Compliance
VAT rate changes ’18 Below you will see a summary of the principle VAT rate changes in the European Union on 1st January, 2018. Country VAT Change Cyprus Imposition of […]
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 […]