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Hungary raises VAT registration threshold

Hungary is proposing to raise its VAT registration threshold from €35,000 to €48,000 per annum. The European Commission is being consulted. The new threshold will apply from 1 January 2019....Continued

UK Brexit Taxation Bill leaves businesses at risk

On January 8 2018, the legislation setting the UK’s post-Brexit customs and VAT regimes passed its second reading in the House of Commons. The preliminary statute prepares the country to take full gov...Continued

UK MTD – VAT landmine for large taxpayers

The UK’s 2019 Making Tax Digital (‘MTD’) proposal, to require all business to store and report digital VAT return data, has largely been portrayed as targeting small/micro businesses. The aim of MTD t...Continued

EU warns UK on MOSS VAT credits

The European Commission ('EC') yesterday warned the UK that it was not complying fully with the EU Mini One-Stop-Shop (MOSS) scheme. MOSS was introduced across the EU in 2015. It enables providers ...Continued

Companies cutting UK exposure on hard Brexit fears

In anticipation of Brexit, 1 in 12 businesses are now planning to reduce their business in the UK compared to just 1 in 50 in 2016 The latest Avalara Brexit Survey first carried out in September 2016...Continued

UK wins EU ruling that Bridge is not VAT exempt sport

The European Court of Justice, ECJ, has today ruled that the card game Bridge is not considered a sport, and therefore 20% VAT is due on tournament or club membership fees.  The European court was ref...Continued

Norway SAF-T Jan 2018

Norway is on course to introduce Standard Audit File for Tax (SAF-T) reporting obligations from 1 January 2018.  The detailed, electronic transaction reporting requirement, adopted across many Europea...Continued

Polish live cash register requirements

Poland is to introduce a new, centralised database to live record all cash based payments in shops, restaurants and similar outlets. This will include a new range of electronic point-of-sale regist...Continued

What’s in store at the Transactional Indirect Tax Summit 2017?

As the world of business has become increasingly global, the number of transactions processed across both borders and continents has experienced growth of its own on a similarly drastic scale. This...Continued

UK Brexit EU VAT & Customs Union exit law

In today’s UK Queen’s speech, when the government announces up and coming legislation, initial plans were included for a Bill to exit the EU VAT regime and Customs Union. Later this summer, a Finan...Continued