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UK Making Tax Digital phase 2 launches

1 April 2021 sees the launch of the UK’s Making Tax Digital for VAT Phase 2 (MTD), with big new digital requirements on over one million UK VAT registered businesses. These are the changes that were d...Continued

Florida to impose sales tax obligations on foreign sellers?

Florida is edging closer to imposing sales tax collection obligations on foreign, or ‘remote’ sellers and facilitating marketplaces. Following the 2018 South Dakota vs Wayfair Supreme Court ruling, s...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

Hungary live reporting 1 April B2C mandatory

Hungary’s live VAT transaction reporting (RTIR) is being extended from 1 April 2021 to include B2C invoices. The plan had been for the current B2B invoice submissions regime to include consumer invoic...Continued

EU customs changes with ecommerce VAT package

EU customs for ecommerce is changing on 1 July 2021. This is based on the EU introducing a range of VAT measures for ecommerce sellers and marketplaces from 1 July 2021. These include: One-Stop-Shop (...Continued

China VAT measures for COVID-19

China has announced a range of Values Added Tax measures to assist businesses during the coronavirus pandemic. This includes cutting rates and reducing administration....Continued

Oman publishes VAT executive regulations

Ahead of the implementation of a 5% VAT in Oman, the Tax Authority has published the Executive Regulations which provide some details on the operations of the new Value Added Tax regime. The regulatio...Continued

EU DAC 7 – digital marketplace VAT reporting 2023

The European Council has approved new rules on data sharing between member states tax authorities of VAT transaction data provided by online digital platforms. The new measures, ‘DAC 7’ will come into...Continued

EU ecommerce package OSS for B2C services and events

The European Union’s VAT ecommerce package – effective 1 July 2021 - includes the right for providers of services and events organisers to consumers, B2C, to report their pan-EU sales in the new One-S...Continued

Don’t get your Brexit commodity codes wrong

If you want to continue selling goods cross-border between the UK and EU after 31 December 2020, you will have to learn about commodity codes. If you cannot accurately match your goods to the right co...Continued