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UK MTD pilot open to VAT groups

HMRC has extended the Making Tax Digital for VAT pilot to members of VAT Groups. MTD will require over 1 million businesses above the £85,000 VAT registration threshold to record ...Continued

Japan 8% reduced Consumption Tax rate

Japan is scheduled to complete a two-stage doubling of its Consumption Tax rate to 10% on 1 October 2019. The first part of the rise, from 5% to today’s 8% was enacted on 1 April 2014....Continued

UK Brexit postponed accounting law for import VAT

The UK government has issued the statutory instrument to implement the no-deal Brexit postponed accounting deferred import VAT regime. The system was originally committed to in August 2018 in the case...Continued

Bulgaria deferred import VAT Jul 2019

Bulgaria is to introduce a deferred import VAT scheme on 1 July 2019. Details of the new regime were transposed into the Regulation for the Application of the VAT Act on 8 January 2019. ...Continued

VAT

Brazil VAT implementation proposals

The Brazil Special Committee on Tax Reform has published details of its proposal to replace the existing range of indirect taxes with a world-standard Value Added Tax regime...Continued

Italy launches Esterometro VAT report

Italy has confirmed details of its new VAT filing, the Esterometro. The Esterometro reports cross-border VAT transactions not recorded within the extended live invoice reporting system, Sistema di Int...Continued

German marketplace USt 1 TI Tax Certificate

The German tax authorities will require sellers using online marketplaces to register for a new tax compliance certificate, ‘F22’. It will apply to non-EU sellers from 1 March 2019, and EU sellers fro...Continued

US New York implements Wayfair Sales Tax rule

The New York state tax department published on 15 January 2019 guidance on the immediate requirements for out-of-state sellers to register and charge Sales Tax. ...Continued

Portugal cuts e-book VAT rates

Portugal has reclassified to the 6% reduced VAT rate (5% Madeira, 4% Azores) for the following goods and services...Continued

VAT

China raises VAT registration threshold

China has raised its VAT registration threshold from 1 January 2019 from CNY30,000 to CNY100,000 for small businesses. The measure is temporary for the next two years...Continued