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EU VAT

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EU VAT changes on vouchers became effective

07/01/2019(0)
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 ... Read More
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OECD Supports States To Mirror EU’s Digital VAT Reforms

27/10/2017(0)
On October 24, the OECD released new implementation guidelines to support the collection of consumption taxes on cross-border sales. The guidance – Mechanisms for the Effective Collection of VAT/GST ... Read More
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EU VAT Gap Release Falls Ahead Of New Anti-Fraud Action

04/10/2017(0)
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, ... Read More
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Malta To Push EU VAT Reform As EU President

09/11/2016(0)
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, ... Read More
Scam

Companies from UK, Cyprus, Germany, Italy and 12 other countries involved in a gigantic millions euro tax scam

13/10/2016(0)
Four Maltese companies have been implicated in what the Italian authorities are describing as a ‘gigantic carousel fraud’, the Vicenza Guardia di Finanza reported yesterday. The scam, which was ... Read More
VAT

EU VAT reforms could see the UK businesses charging VAT in the country where their customers are located

28/04/2016(0)
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 ... Read More
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Ireland, Italy Join EU Cross Border VAT Rulings Pilot

23/02/2016(0)
18 European Union member states are now participating in the VAT Cross Border Ruling project, with Ireland and Italy newly joining the pilot initiative. The pilot project has been ... Read More
EU-VAT-MOSS

VAT MOSS traders question business status

12/01/2016(0)
Businesses caught up in the EU VAT changes are considering if they are actually “in business” and within the scope of the VAT MOSS scheme, following a recent HMRC briefing document. The tax authority’s latest guidance states ... Read More
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Number of businesses EU VAT rules affect ‘underestimated’

22/04/2015(0)
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 ... Read More
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European Court decides to cut rate VAT on digital books

19/09/2014(0)
The European Court of Justice has agreed that a reduced rate of value-added tax may be applied to books that are provided in digital form. The case concerned a ... Read More
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