Richard Asquith - vatcalc.com

India scraps 2% equalisation levy on foreign digital services

24 July 2024 in

digital services

Budget confirms removal of contentious tax on non-resident providers of digital services The latest Indian budget has confirmed the scrapping of the 2% equalisation levy on digital companies, online education-providing firms, and software-as-a-service (SaaS) providers without a permanent physical presence in India. This is in

Spain VERI*FACTU certified computerised invoicing update

23 July 2024 in

live reporting

2026 likely new launch date for state-only or VERI*FACTU approved invoicing software may be used to prepare and issues invoices Spain has sent to the European Commission new technical details in a Draft Order of its VERI*FACTU mandatory invoicing software proposals for all resident taxpayers.

Slovenia B2B e-invoicing e-SLOG June 2026

22 July 2024 in

e-invoices

B2B e-invoicing 8-day reporting requirement proposal from 1 June 2026 Slovenia has proposed mandating e-invoice reporting for B2B transactions from 1 June 2026. This will regulate the compulsory exchange of accepted formats of structured e-invoices which must then be reported to the tax administration within

Oman B2B e-invoicing launch slips to 2025

22 July 2024 in

Continuous Transaction Controls

Oct 2024 B2B e-invoicing mandatory launch now missed following voluntary phase April 2024 Draft plans to introduce mandatory B2B e-invoicing in the Gulf state of Oman this autumn now appear on hold. The plans were originally announced via the the Tax Authority update to VAT

UK ends private education VAT exemption; advance payments unlikely to work

20 July 2024 in

Government likely to adopt retrospective and fore-stalling legislation to prevent advance payment VAT avoidance The new UK Labour government has confirmed it will introduce legislation to remove the VAT exemption from private education fees. Legislation details are promised for the Autumn Budget (November 2024?), with

Poland Feb 2026 B2B KSeF e-invoicing new consultations

19 July 2024 in

e-invoices

Latest industry consultations for mandatory KSeF B2B e-invoicing; Launch: 1st February 2026: 2-phase April 2026 for taxpayers below PLN 200m sales The Polish Ministry of Finance held latest industry pre-consultation workshops on 18 July 2024 for the launch of mandatory B2B e-invoicing National E-invoicing System

EU energy tax reform remain on hold till 2025

18 July 2024 in

European Energy Taxation Directive

Negotiations to overhaul Energy Taxation Directive further delayed to 2025 The new Hungarian presidency of the Council of the EU has confirmed that it will not be looking to rekindle stalled discussions on revised taxation of aviation and marine fuels. Some countries oppose the revised

EU bet on behavioural taxes carries revenues risks

17 July 2024 in

Behavioural Taxes

Behavioural taxes may be too successful to generate EU own resources Constantly looking for ways to generate EU-level ‘own resources’, the European Commission is increasingly exploring behavioural taxes to diversify and grow its budget revenues. Behavioural taxes are levies designed to influence individuals’ and businesses’

UK court overturns Uber private taxi operators VAT ruling

16 July 2024 in

UK Court of Appeal reverses VAT obligations on private care hire Uber case; uncertainties who is contract principal On 15 July 2024, the UK Court of Appeal overturned a 2023 High Court ruling (see below) that private car hire firms must collect VAT acting as

Switzerland marketplace VAT deemed supplier 2025

15 July 2024 in

deemed supplier

Public Consultation on digital platforms responsible for VAT collections for e-commerce goods of their third-party sellers Switzerland’s Federal Tax Administration has launched on 9 July 2024 a public consultation on its plan to impose Switzerland is to deeded supplier obligations on digital platforms for goods.

Author: Richard Asquith