Germany is proposing a range of measures (Bürokratieentlastungsgesetz II) to simplify the VAT compliance burden on small companies. These include:
The annual VAT return will be due on 31 July of the year following the reporting year. The current requirement is 31 May. The penalty for missing this deadline will be 0.25% of the taxable amount.
The threshold for issuing simplified VAT invoices is to be increased from €150 to €200
Goods delivered notes will only have to be retained by the customer until a full VAT invoice is received
Germany is proposing a range of measures (Bürokratieentlastungsgesetz II) to simplify the VAT compliance burden on small companies. These include:
October 22, 2018. Poland's Ministry of Finance has announced that it will recategorise many supplies to within the current reduced VAT rate category. However, this will mean Poland will not...
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Hungary VAT registration threshold HUF 12m Jan 2019
October 17, 2018. Hungary has received permission to introduce an VAT registration threshold for businesses of HUF 12 million from 1 January 2019. This is approximately €48,000, based...
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UK MTD pilot goes public; Oct 2019 groups & non-resident delay
October 16, 2018. HMRC announced today that it is opening the test pilot for its Making Tax Digital for VAT programme to the public. However, HMRC also announced...
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Sales tax rates, rules, and regulations change frequently. Although we hope you'll find this information helpful, this blog is for informational purposes only and does not provide legal or tax advice.
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