Search Results for: EU VAT
EU VAT changes on vouchers became effective
January 7th, 2019
Significant changes to the way that businesses should account for value-added tax on vouchers became effective on January 1, 2019. The overhaul to the rules is intended to simplify the tax treatment of vouchers, especially where they can either ...
EU VAT Gap Release Falls Ahead Of New Anti-Fraud Action
October 4th, 2017
The European Union value-added tax gap – the overall difference between expected VAT revenue and actual EU member state collections – was EUR152bn in 2015, says the European Commission, highlighting the need for further reforms to tackle avoidance, error, ...
EU VAT Rates Stabilizing, Ending Upward Trend
November 17th, 2016
Just one EU member state has increased its headline VAT rate since 2014, indicating that states are no longer looking to VAT to fund other growth-friendly reforms, as had been seen in previous years. The EU said in its ...
Malta To Push EU VAT Reform As EU President
November 9th, 2016
Malta will take forward the EU’s proposals on VAT reform when it assumes the Presidency of the Council of the EU in January 2017, the territory’s Minister of Finance, Edward Scicluna, told a recent conference. Under the EU’s VAT ...
EU VAT group reassures e-traders on Brexit vote
July 5th, 2016
The trend of having to pay VAT where the customer rather than the seller is located is “not going to go away,” although a scheme in Britain that makes doing so simpler might. Lobby group EU VAT Action issued this alert to the ...
EU VAT reforms could see the UK businesses charging VAT in the country where their customers are located
April 28th, 2016
EU VAT reforms could see the UK businesses charging VAT in the country where their customers are located, a London accountancy firm has claimed. The European Commission aims to extend the Mini One-Stop-Shop (MOSS) scheme, currently applicable to business to ...
Number of businesses EU VAT rules affect ‘underestimated’
April 22nd, 2015
HMRC’s underestimation of the number of small businesses affected by the new VAT EU rules on the supply of business to customer digital services caused thousands to struggle with the new regulations. The claims were made by the EU ...
HMRC: “transitional period” for businesses affected by new EU VAT laws
January 7th, 2015
HMRC has announced that there will be a “transitional period” for small businesses affected by new VAT rules. The new Europe wide legislation, which came into force on 1 January 2015, affects businesses that sell digital services, such as ...
European Council reaches agreement on updated rules for VAT rates
December 14th, 2021
The European Council reached agreement on a proposal to update EU rules on rates of value added tax (VAT). The new rules reflect member states’ current needs and the EU’s present policy objectives, which have changed considerably since the ...
VAT rules for European ecommerce
August 4th, 2021
Whether your business is located within the European Union or outside, if you’re shipping to customers in European countries, you will have to pay value-added tax (VAT). On this page we’ll list the current VAT rules for EU cross-border ...
