Blogs

EU Finance Ministers confirmed on 9 November requirements for payment providers to make available date on EU e-commerce transactions to help tax authorities identify VAT fraud. The new measures will c...Continued

On 1 April 2020, phase 2 of Making Tax Digital (MTD) for VAT starts with the ending of the UK’s HMRC’s ‘soft landing’ first phase. It is this second phase that will cause most issues. How are the thre...Continued

In the run-up to the latest missed Brexit date of 31 October, there has been conflicting messages from HMRC on whether Intrastat filings will still be required from thousands of UK businesses....Continued

Ecuador is the latest country to bring electronic / digital services to consumers within the VAT net....Continued

The third Brexit deadline of 31 October 2019 has been missed! A new ‘flextension’ has been agreed between the UK and EU which could enable the UK to leave the EU at any point between now and 31 Januar...Continued

Portugal has again postponed the requirement on non-resident VAT registered businesses to produce VAT invoices on approved software packages. The new deadline is January 2021. It had previously been 1...Continued

Paraguay has enacted a tax provision to impose VAT on sales of electronic services to its consumers. This is based on the customer being resident in Paraguay. This may be determined by their IP addres...Continued

Colombia’s phased introduction of its CUFE electronic invoices is being delayed. The new roll out dates are split into two populations. For most businesses, the delay is 3 months....Continued

Bulgaria is to raise its Intrastat reporting thresholds starting 1 January 2020. The new dispatches threshold will be BGN 290,000, currently BGN 280,000. The Arrivals threshold will be BGN 470,000, cu...Continued

Brexit negotiations overnight hit a VAT-shaped roadblock. What is the issue? Essentially, the post-Brexit anti-VAT fraud terms were contained within the now-abandoned Backstop clause. This envisaged ...Continued