Blogs

COVID is creating major international cash savings opportunities as governments use Value Added Tax, Goods and Services Tax and U.S. sales tax as first-measure responses to support and boost the econo...Continued

The UK’s HMRC is to start trials on a new VAT recovery portal to allow non-resident business to recover their UK VAT on. The portal would allow foreign VAT registered businesses to upload invoices sho...Continued

Israel’s head of National Economic Council, which advised the head of state on economic issues has recommended a temporary Value Added Tax cut from 17% to 12%. This would help support businesses stru...Continued

Poland still plans to update its JPK_VAT transaction reporting rules for all taxpayers on 1 October, despite several delays due to the COVID-19 pandemic. The objective is to amalgamate the traditional...Continued

Progress on a UK-EU post-Brexit Free Trade Agreement (FTA) is faltering. It is looking increasingly likely that the UK’s transition period out of the EU trading structure after 31 December 2020 will m...Continued

Oman is set to introduce Value Added Tax in early 2022 according the Economics Ministry. Oman would be the fourth of six Arab Gulf states to introduce VAT as part of a 2016 VAT union agreement....Continued

Bahrain has introduced Value Added Tax easements to recognise the economic disruption caused by the coronavirus epidemic. The National Bureau for Revenue has announced a delay on June VAT returns from...Continued

Chile has announced Value Added Tax payment holidays to help businesses during the coronavirus crisis. VAT payments are delayed for small businesses for three months until the end of June 2020. VAT fi...Continued

The UK’s HMRC has issued a consultation on its VAT Grouping rules. This enables related companies with intra-company trading to use a single VAT number to simplify compliance and minimise otherwise u...Continued

As the UK prepares to leave the EU VAT regime on 31 December 2020, German has clarified the deadline for declaring sales of electronic services to UK consumers through German Mini-One-Stop VAT returns...Continued