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Portugal annual VAT return and SAF-T requirements

The Portuguese tax authorities have stated that the annual VAT return must be based on tax payers’ Standard Audit Files for Tax (SAF-T) submission. The requirement covers Annex A, accounting informati...Continued

EU moves new B2C VAT liabilities to marketplaces 2021

On 12 December, the European Commission published details of a new rule which would make large online marketplaces responsible for calculating, collecting and remitting VAT on certain B2C cross-border...Continued

Spain Canary Island VAT cut to 6.5% 2019

The Canary Island government has proposed that it reduces its VAT rate from 7% to 6.5% from 1 January 2019. ...Continued

UK HMRC no-deal Brexit actions

The UK’s HMRC has written to all VAT-registered businesses that trade with the EU to recommend immediate actions in the case of a no-deal Brexit on 29 March 2019. This is over 140,000 businesses....Continued

Poland reduced VAT rates update

The Polish Ministry of Finance has provided further clarifications on 2019 changes to the reduced VAT regime. The reforms are designed to realign certain supplies to international Combined Nomenclatur...Continued

Romania cuts reduced VAT on hotels and restaurants

Romania has reclassified the following supplies from its 9% reduced VAT rate to the 5% rate:...Continued

Netherlands introduces VAT threshold

The Netherlands is to introduce a €25,000 annual VAT registration threshold from 1 January 2020...Continued

Italy refuses SdI e-invoice launch delay

Italian Senators last week rejected two applications to delay the January 2019 introduction of SdI electronic invoice reporting for B2B and B2C transactions....Continued

UK Brexit VAT and customs update

The EU27 governments have now agreed the Brexit Withdrawal Agreement (WA) which sets out the terms of the UK’s exit from the EU on 29 March 2019. This includes a 19-month transition period until 31 De...Continued

Spain extends SII e-reporting to Canary Islands Jan 2019

Spain is to extend its live Immediate Information Supply (SII) regime to the Canary Islands from 1 January 2019...Continued