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Digitisation of VAT Reporting - Avalara global tracker

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

UK loses B2B triangulation VAT simplification with Brexit

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

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

UK extends hospitality & tourism VAT cut to 5% till 30 Sept 2021; then 12.5% till 30 April 2022

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 COVID-19 VAT measures

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

UK defers £30bn VAT payments; 2021 repayment schedule

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 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