English
This is a page for the tag European Commission
Retail Sales Tax postponed by Poland
Poland has postponed the implementation date of the new ‘Retail Sales Tax’ following the challenges of the European Commission (EC). This initiative comprised of a turnover tax levied on established and non-established businesses in Poland. The turnover rate of each company determined the applicable rates, but businesses with a turnover...
Please Read More
Poland VAT – Split Payments 2018
From the 1st January 2018, Poland will introduce a voluntary anti-VAT Fraud split payment mechanism. This system will ONLY apply on domestic transactions and will not affect invoice requirements. B2C transactions WILL NOT be impacted by these changes, only business to business sales. We have not received information about the...
Please Read More
More than 35,000 micro-businesses drawn into Brexit EU VAT net
It is estimated that 35,755 UK micro-business selling over the internet into Europe face being drawn into the EU VAT net for the first time following Brexit. Cost could reach €216,000pa to meet this new requirement. EU VAT exemption will benefit UK e-Commerce businesses As part of the UK’s membership...
Please Read More
BREXIT – UK VAT and tax policies
The concerns around Brexit has been dominated by the potential negatives and uncertainties facing the UK economy as it arranges to leave the European Union. This has been compounded in recent weeks but the probability of a ‘hard’ Brexit, with UK companies facing restricted access to the EU’s Single Market,...
Please Read More
