This is a page for the tag EU
e-Commerce platforms could be liable for VAT fraud
The EU is continuing with suggestions to enforce obligations to online marketplaces for VAT fraud committed by non-EU merchants on their e-Commerce platforms. This move will endeavour to tackle over €5bn in non/under declared VAT by fraudsters, many originating from China. This measure was introduced by the UK in 2016...
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Switzerland Tax News
Switzerland reforms VAT for overseas firms The Swiss parliament has formally agreed reforms to the country’s value-added tax (VAT) regime, these will make overseas firms obligated to impose VAT on all purchases and services. The aim is to safeguard Swiss firms from lower-priced competitors abroad. At present, online purchases from...
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EU digital turnover tax – VAT in disguise?
The European Union (EU) finance minister recently reviewed a proposal to tax U.S. digital groups’ revenue based on the location of their consumers. Nonetheless, such a turnover tax may transgress EU VAT rules and international treaties. The giants of tech to be taxed This proposed ‘Equalisation Tax’ is aimed at...
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Poland – Economy & Trade
Poland amongst the EU leaders with GDP growth of 4.4% Central Statistical Office of Poland (GUS) and Eurostat have published data on GDP, in the second quarter the Polish economy has grown significantly faster than the average of EU Member-States. Poland’s economy topped analysts’ expectations and in the second quarter...
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VAT changes in the United Kingdom
UK postpones tax technology plans George Osborne, the previous Chancellor of the Exchequer announced last year “the death of the tax return”. A new plan named “Making Tax Digital’ and was aimed at automating all UK tax reporting by 2020. All transactions would require to be recorded and reported digitally...
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Germany has new Annual VAT return deadlines
The German authorities have confirmed an extended deadline for annual VAT returns, when these filings are done directly by the taxpayer, they will now be due by 31st July of the following year (instead of currently 31st May). If they are submitted by a recognised tax consultant, there is an...
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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...
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Poland – Over 35,000 businesses have been de-registered
Over 35,000 businesses in Poland have been de-registered by the tax authorities in the last few months. This is expected to continue in the coming months as part of an anti-VAT fraud initiative. If you are VAT registered in Poland, amavat Europe recommend checking your VAT registration to make sure...
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Decision from ECJ: penalties on reverse charge VAT
The ECJ gave its decision in the Farkas case (C-564/15), following the opinion published last November by the advocate general. The powers of Member States after this judgement have been reduced, they are no longer allowed to impose penalties on reverse charge transactions that are mistakenly reported. This case is...
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Expected extension of Spanish SII
It is expected that the Spanish authorities will allow individual extensions of the 1st July deadline on SII requirements. Officially this has not been confirmed, so at amavat Europe we are working on the basis of no possible extensions to the current calendar. Along with this there are important changes...
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