Accounting, HR, Payroll, Tax & Legal news from Poland

Reduced VAT on e-Books backed by EU committee

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Date22 May 2017
An important EU Parliamentary committee has voted to back the European Commission (EC) suggestions to decrease VAT on electronic books to the same rates as their paper equivalent. The full EU Parliament will now vote on, after the Economic and monetary Affairs Committee backed the measure. Within the EU VAT...
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VAT rises ruled out ahead of UK elections

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Date19 May 2017
The current Conservative government and the main opposition Labour party recently ruled out future rises in VAT ahead of June’s election. Since the 10%+ debit from the financial crisis, the UK has enjoyed a decreasing government deficit, but still faces a challenge to balance the books. Since the 2015 elections...
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More than 35,000 micro-businesses drawn into Brexit EU VAT net

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Date17 May 2017
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...
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Global economic activity is picking up

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Date10 May 2017
Global economic activity is picking up. World growth is expected to rise from 3.1% in 2016 to 3.5% in 2017 and 3.6% in 2018 – reports International Monetary Fund in its World Economic Outlook. However, structural impediments to a stronger recovery and a balance of risks that remains tilted to...
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OECD – International VAT/GST Guidelines

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Date09 May 2017
Recently the OECD VAT/GST Guidelines established further validation at the 4th OECD Global Forum on VAT. These guidelines make available a wide-ranging structure of standards and principles for countries around the world, to monitor the development of comprehensible and reliable indirect tax rules. Additionally, they also want to provide for...
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Italy – VAT split payments extended

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Date28 Apr 2017
The European Commission has granted Italy approval to continue using anti VAT fraud split payments regime with state organisations, and to extend the measures to state-owned companies and stock market quoted companies. VAT split payments When an EU Member State believes, there is substantial evidence of VAT fraud, it may...
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Last updated: 13.12.2021
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