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Hungary has introduced a VAT cut for internet access
Hungary has confirmed the plans to cut the value-added tax rate on internet access services to 5%. This move comes notwithstanding the fact that the measure could be in breach of EU law, as such services are not included in Annex III of the EU VAT Directive, which sets out... Read More →
Simplification to Slovakian VAT registration
From the 1st January, 2018, non-resident Slovakian businesses may side-step the responsibility to VAT register for intra-community transactions and distance sales from Slovakia. At present, foreign companies must apply for a Slovakian VAT registration, if they are acquired or dispatch goods on a B2B basis through Slovakia. Or if they... Read More →
UK Tax News
Lawmakers in the UK reject proposed amendment to Brexit legislation A proposed amendment to Brexit legislation has been voted against by the lawmakers in the UK. This legislation would have replaced a clause seen as ‘ambiguous’ for a clear message that UK courts should temporarily follow rulings from the European... Read More →
EU Tax News
MEP’s back new anti-dumping rules The Members of the European Parliament (MEPs) have backed in support of new rules on dumping and subsidised goods from outside the European Union (EU). Dumping ensues when goods are sold into a foreign market at below the usual market rate in the exporter’s domestic... Read More →
France updates anti-VAT fraud software from January 2018
Further to our information on 6th October, 2017, regarding the introduction by France of an anti-VAT fraud software, the French tax authorities have decided to modify this condition in order to simplify it. The amendment will be subject to new legislation, which was published near the end of 2017. This... Read More →
Belgium government praised for reforms to tax system
Moody’s the international ratings has praised efforts by the Belgian Government to reform their tax system, and said that strong corporate tax revenues combined with prudent fiscal policy have strengthened the nation’s creditworthiness. Moody’s said in a report published on the 8th December that advanced corporate tax payments have been... Read More →
Finland defers import VAT from January 2018
From 1st January, 2018 importers of goods from outside of the EU into Finland will benefit from an import VAT deferment. Going forward importers with a Finnish VAT number will no longer be required to pay the import VAT on clearing the goods. In its place, they can wait to... Read More →
The Swedish authorities clarify VAT exemption for certain types of investment fund management services
Swedish tax authorities have restructured their VAT guidance on services connected to investment funds, basically stating that providing management services to investment funds that deal with unit linked insurance plans, are not excused from VAT. You can consult the Swedish Tax Authorities’ website here, for full guidance, although there is... Read More →
Norway Tax News
Norwegian government proposes super reduced VAT rate In October, 2017, the Norwegian government presented its plans for the 2018 budget declaring an increase of the super reduced rate from 10% to 12%. This super reduced VAT rate applies to cultural services, for example, cinema admission, museum admission and hotel accommodation,... Read More →
EU VAT News
EC provides insight on important reforms of EU VAT The European Commission (EC) has circulated information on a new set of reforms to the current EU VAT framework, with the aim of tackling tax evasion and decreasing friction for businesses that trade cross-border. Currently, the VAT system was designed and... Read More →
