Poland VAT split payments July 2018
- EU VAT
- May 21, 2018 | Richard Asquith
Poland is preparing to launch voluntary anti-fraud VAT split payments on 1 July 2018. This may be made mandatory from 2019 for certain industries.
Purchasers of taxable goods or services will be given the choice to split the VAT element and pay into a special VAT Bank Account (‘r-VAT Account’) of their customer. If they do, they will be released from the shared liability for any missing or under declared VAT for their supplier.
The VAT Bank Account will be closely monitored by the Polish tax authorities, and may generally only be used to settle monthly/quarterly VAT liabilities.
Mandatory Split Payments 2019
Poland is to request from the EU permission to impose mandatory split payments in fraud-sensitive sectors next year. These include: computer chips; mobile phones; precious metals; carbon trading; and computer tablets. This would require permission from the European Commission to derogate from the EU VAT Directive, and is generally only permitted to counter tax avoidance and evasion.
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,...