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Bulgaria increases there Intrastat Reporting Threshold in 2018

Bulgaria as of the 1st January, 2018 increased the ‘Intrastat Reporting Thresholds’ for both arrivals and dispatches. Arrivals threshold will be greater than before, increasing from BGN 410,000.00 to BGN 430,000.00 (approximately €220,000.00), with dispatches threshold being increased from BGN 240,000.00 to BGN 260,000.00 (approximately €133,000.00). Additionally, the statistical thresholds...
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Portugal’s February Tax Dates

Conceito our Portuguese amavat® Partner Firm has put together an English document with generic* information regarding Portugal’s ‘Tax Calendar’ for February 2018. (also available in Portuguese below)     Click here for English version Click here for Portuguese version *might not be applicable to your organisation amavat® provides a one-stop-shop...
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UK Tax News

HMRC urged to temper new VAT penalties for online retailers ‘ The Chartered Institute of Taxation (CIOT) is calling for amendments to a new government scheme to tackle VAT evasion to safeguard those that make administrative errors, but are not accused of involvement in tax evasion, are not penalised with...
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EU VAT News

EU Member States to work collectively to stamp out VAT fraud Towards the end of 2017 the European Commission released new tools intended to make the European Union’s value-added tax system more resilient to fraud. The package comprises of numerous changes to how Member States will communicate and co-operate with...
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EU Tax News

VAT ‘Split Payment’ benefit questioned by the EU A European Commission study into the benefits of ‘Split Payments’ as a VAT collection tool, aimed at battling VAT fraud, has cast doubt on the cost / benefits. The study concludes that the administrative and technology costs of running, tracking and reporting...
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