Blogs

The UK’s HMRC has issued fresh guidance on VAT transactions between Northern Ireland (NI), the EU and the UK excluding NI (Great Britain or GB). This address identifying the correct VAT reporting of t...Continued

The Saudi Arabian government has said it considering reversing the trebling of VAT from 5% to 15%. This would only happen once the coronavirus crisis is over. ...Continued

Following successful electronic special fapiao invoice trials in the Ningbo city of Zhejiang province in September, subsequently expanded to Hangzhou city of Zhejiang and Shijiazhuang city of Hebei Oc...Continued

When the UK leave the EU VAT regime and Customs Union after 31 December 2020, import VAT and potentially customs duties will become liable on goods coming in from the EU for the first time. ...Continued

The German’s state audit office has criticised the level of attention being given by the tax authorities based on the levels of online fraud....Continued

The UK’s Chancellor, Rishi Sunak, today announced that Financial Services, including Banking and Insurance, will be allowed to deduct the input VAT suffered on their export services to the European Un...Continued

Vietnam has proposed a raft of tax measures to help businesses dealing with the COVID-19 crisis. So far, this is limited to a range of vital and hard-hit industries, including: food production; agricu...Continued

The UK’s HMRC has today confirmed that businesses moving goods from Northern Ireland (NI) will need a special EORI number – with a ‘XI’ country prefix. This follows the EU recommendation for Northern ...Continued

The UK’s HMRC has written to 250,000 UK businesses to get help on customs declarations and VAT in preparation for the end of the Brexit transition period....Continued

The Bahamas’ Department of Inland Revenue is seeking to enforce the existing VAT obligations for non-resident sellers of digital services to consumers. Bahamas introduced Value Added Tax on 1 January ...Continued