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German delays cut VAT invoice retention time; approves tax prosecution changes

The German Federal Council has delayed plans to reduce the time companies are obliged to hold German VAT invoices for. The plan, approved by the German lower parliament, had been to reduce the reco...Continued

VAT

German updates intra-community VAT requirements

Germany has provided updated guidance on the documentation required when bringing goods into Germany from another EU member state.  This is an important element of the German Value Added Tax complianc...Continued

VAT

Czech relives VAT liability rules on undisclosed bank account payments

The Czech tax authorities have suspended the potential VAT liabilities faced by customers making legitimate payments to suppliers with undisclosed bank accounts. The tax authorities had been lookin...Continued

VAT

France cuts VAT rate on new housing

The French VAT rate on the construction of social housing will be reduced from 5% to 5% from January 2014.  This will represent a cost of over €650 million. The French Value Added Tax rate change h...Continued

VAT

German VAT new intra-communinty exemption

The German VAT office (BMF) has provided new simplifications on the intra-communicty supply of goods and German VAT treatment.  This will apply from 1 April 2013. Under the EU-wide VAT rules, sales...Continued

VAT

German VAT on special fund management

Last week, it was confirmed that managers of special investment funds in Germany were not liable to charge German VAT on their services. The ruling was passed down by the European Court of Justice,...Continued

EC to consider overhaul of EU VAT number format system

The European Union’s Commission (EC) is undertaking an extensive review of the European VAT number format and identification regime. The aim is improve EU VAT compliance system and tax collections. ...Continued

VAT

France looks to remove VAT fiscal representative requirements

France is attempting to withdraw the requirement on non-European Union companies trading in France to appoint a VAT fiscal representative for recording and reporting on Value Added Tax. EU VAT fiscal...Continued

Germany new VAT return filing requirements

There are new obligations for the electronic filings of German VAT returns for 2013. All companies VAT registered in Germany, including non-resident businesses, will be required to file electronica...Continued

France at odds with EU on VAT Recovery rules

The French VAT recovery claims procedure is now at odds with the European Union following recent tax rulings on the 8th Directive VAT Recovery Directive. The 8th Directive provides a mechanism for ...Continued