Ongoing COVID-19 crisis means more support for hard-hit entertainment and hotels sectors Paraguay has rolled over for a second time the reduced Value Added Tax rates on tourism, catering, accommodation, tourist transport, tourist guide and event organization services. This will now be extended until 31
The UK’s second phase of Making Tax Digital comes into effect on 1 April 2021. This follows a 1-year delay, adding to the already provided 1 year ‘softlanding’ due to COVID-19. Phase 1 of MTD for VAT, using the API link to file a VAT
North Macedonia has introduced a third VAT rate of 10% from 1 January 2021. This will apply to hospitality, cafés, restaurants, and catering services. The current standard VAT rate is 18%, with a 5% reduced rate on basics. The new rate does not apply to
Easement on temporary movements of goods between NI and GB The UK’s HMRC has provided some additional import tax reliefs on the movement of goods between post-Brexit Northern Ireland (NI) and the rest of the UK (GB). Goods which are only making a temporary movement
The UK’s ecommerce import VAT and deemed supplier online marketplace changes on 1 January 2021 included the obligation to charge output (sales) VAT on import consignments not exceeding £135 intrinsic value. But how is this £135 threshold calculated? And what if the consignment is made-up
GSTR 3B transaction draft report now available from tax authorities India is to introduce pre-filled Goods & Services transaction report, GSTR 3B, will now be pre-completed for taxpayers from 1 January 202. This is based on India e-invoice submissions and of all its suppliers filed
The UK has implemented its e-commerce VAT reforms for online sellers and marketplaces (OMP) on 1 January 2021. This changes the rules on import VAT for e-commerce, and makes marketplaces liable for the UK VAT obligations of their third-party sellers. This will mean UK VAT
The Slovak Republic has introduced VAT relief for sales invoices which have gone bad from 1 January 2021. Previously, this was unavailable to resident or non-residents with a VAT registration. The recoverability for VAT paid to the tax authorities only applies on debts no more
Intrastat reporting of EU goods movements ends for UK as part of Brexit; Northern Ireland – EU movements obligation remain Following the UK leaving the EU VAT regime and Customs Union on 1 January 2021, the UK have continued to require VAT registered businesses to
The UK Treasury last week launched a public consultation on the taxation of the gig economy – ‘VAT and the Sharing Economy’ Its aim to redesign the tax system which is struggling to fairly capture revenues from a sector estimated to be worth £140bn by
