Poland VAT split payments 2018
- European News
- 15 May 2017 | Richard Asquith
Poland is considering and amendment to the VAT Act, introducing a voluntary B2B VAT split payments regime from 2018. The measure, which includes customers paying VAT to a special, locked bank account, is aimed at reducing VAT fraud.
The draft proposal includes a split payment procedure whereby the VAT amount of a sale is paid into a special, supervised bank account of the supplier. The tax authorities can then make direct withdrawals from the bank account in settlement of the supplier’s regular VAT filing.
Whilst initially voluntary, any supplier opting for the procedure would be exempted from other anti-VAT fraud measures. This includes being held jointly and severally liable for the payment by their customers of the VAT element of sales.
The split payment proposal was originally raised in 2015.
Poland’s Ministry of Finance has announced that it will recategorise many supplies to within the current reduced VAT rate category. However, this will mean Poland will not...
Poland has announced plans to withdraw the requirement for the submission of monthly VAT returns. Instead, the already mandatory Standard Audit File for Tax (SAF-T)...
Overview This release is a maintenance release of the VAT Reporting application for the month of June. It includes changes in reporting documents, SII updates,...