Blogs

Tax authorities around the world are increasingly demanding detailed electronic VAT transactional reporting from businesses to help them efficiently track tax due and reduce significant tax evasion. T...Continued

Following the UK leaving the EU VAT regime from 31 Dec 2020, UK vendors have lost the right to use the B2B VAT triangulation simplification when selling goods between EU member states. UK businesses w...Continued

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

The UK's Chancellor of the Exchequer, Rishi Sunak, has extending again the VAT rate cut on hospitality and tourism from 20% to 5% until 30 Sep 2021; then 12.5% until 30 April 2022...Continued

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

UK has announced that all VAT payments are postponed until the end of June 2020. Settlement is due by 31 March - although businesses may now apply for an 11-month 2021 repayment schedule ...Continued

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

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

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

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