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World turns to VAT cuts on coronavirus COVID-19 threat

Countries are turning to emergency tax cuts to support their stuttering economies under the coronavirus (COVID-19) threat. VAT is the popular stimulant as it can be adjusted overnight and boosts consu...Continued

Italy COVID-19 VAT measures

Italy is offering a two-year payment plan on Value Added Tax liabilities for businesses during the coronavirus pandemic...Continued

Ireland returns VAT rate to 23% 1st March 2021

Ireland today reverses its temporary COVID VAT rate cut, increasing the standard VAT rate to 23% from 21%. The cut on the reduced rate for tourism and hospitality rates from 13.5% to 9% remains in pla...Continued

US Wisconsin scraps sales tax threshold for foreign sellers

Foreign sellers of goods to Wisconsin consumers will now have to immediately register for sales tax to charge local online shoppers. The state withdrew the annual sales registration threshold of $100,...Continued

Ireland suspend late VAT penalties on coronavirus crisis

The Irish Revenue Commission has announced tax measures to help business with cashflow issues arising from the coronavirus Covid-19 pandemic. ...Continued

Poland drops UK Fiscal Representative requirement

Poland has reversed its requirement for UK businesses with a Polish VAT registration to appoint a Brexit Fiscal Representative. This follows the inclusion of a Mutual Assistance Protocol in the EU-UK ...Continued

Do I need a VAT fiscal representative after Brexit?

Following the UK leaving the EU VAT regime from 1 January 2021, UK e-commerce sellers or B2B supply chain operators may have the obligation to appoint VAT Fiscal Representatives for their non-resident...Continued

Hungary live reporting 1 April B2C mandatory

Hungary’s live VAT transaction reporting (RTIR) is being extended from 1 April 2021 to include B2C invoices. The plan had been for the current B2B invoice submissions regime to include consumer invoic...Continued

Spain withdraws VAT local bank payments requirement

Non-resident businesses with Spanish VAT registrations will no longer be required to make regular VAT settlements via a Spanish bank account. This will apply to VAT payables from March 2021, and taxpa...Continued

Florida to impose sales tax obligations on foreign sellers?

Florida is edging closer to imposing sales tax collection obligations on foreign, or ‘remote’ sellers and facilitating marketplaces. Following the 2018 South Dakota vs Wayfair Supreme Court ruling, s...Continued