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Iceland COVID-19 VAT measures

Iceland has agreed Value Added Tax and other tax benefits for businesses during the coronavirus epidemic....Continued

VAT

VAT – the world’s COVID tax

Governments worldwide have rolled out a range of VAT measures, in response to the pandemic. Understand the changes and how this impacts your business....Continued

France no Fiscal Representation for UK businesses after Brexit

France’s La Direction générale des Finances publiques, DGFiP, has confirmed that UK businesses will not need a Fiscal Representative for the French VAT registrations. The UK leaves the EU VAT regime a...Continued

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

EU 2021 ecommerce VAT package – doubts ahead

The EU’s e-commerce package will simplify pan-EU VAT compliance for online sellers and make marketplaces liable for the VAT on many of their third-party merchants. It will launch on 1 July 2021. Howev...Continued

Bulgaria cuts Intrastat 2021 thresholds in VAT fraud battle

Bulgaria is to reduce its annual thresholds for Intrastat reporting in an effort to fight VAT fraud. Bulgaria has one of the highest VAT Gaps in the EU – the shortfall between VAT revenues versus fore...Continued

Brexit where are we now?

EU-UK discussions on a Free Trade Agreement (FTA) have restarted this week, entering the 'intensive' tunnel phase. The key outstanding issues are: State aid; fisheries; and agreement future governance...Continued

Norway cuts 12% reduced VAT rate to 6%; delays returns on COVID-19 crisis

The Norwegian government has cut its reduced VAT rate from 12% to 7% between March and October 2020. The rate applies to cinema admission, public transport, hotel accommodation services, entrance to c...Continued

Malta increase in VAT registration threshold

The Maltese government has announced in its 2021 budget plans to raise its Value Added Tax threshold €30,000...Continued

UK warns Brexit tariffs & customs declarations

The UK is warning today businesses to prepare for customs declarations and possible tariff calculations on imports from the EU. These come at the end of the Brexit transition period on 1 January 2021....Continued