IMF backs 2% VAT rise to meet Russian invasion costs A mission from the International Monetary Fund has joined the debate on a rise in Ukrainian standard VAT rate from 20% to 22%. A parliamentary finance committee is currently reviewing a consumption tax rise, including
Machine learning to spot likely VAT evasion across multiple data sources Tax authorities adopting AI has been underway for several years. But what about the UK? For over a decade, HMRC has used advanced analytics through its Connect system to identify potential cases of wider
Foreign providers liable to register and collect VAT on electronic services The South Pacific French territory of New Caledonia imposes its 11% standard Taxe Générale à la Consommation, TGC or VAT collection obligations on non-resident providers of digital or electronic services to local consumers. This
Foreign providers liable to register and collect VAT on electronic, broadcast and telecoms services The French Riveria city-state of Monaco imposes 20% Value Added Tax on sales of digital or electronic services to its consumers. Whilst not part of France or the European Union, Monaco
AADE authority set-up AI-backed unit to take on VAT missing trader fraud and other tax evasion The Greek tax authority, Independent Public Revenue Authority (AADE), has established a new centre powered by AI tools to identify VAT carousel similar tax evasion. This is similar to
Scheduled 1 January 2025 UK-EU customs checks delayed again The UK government is to delay for a seventh time some meat, dairy and plant product customs EU import checks. These were scheduled to come into effect on 1 January 2025 but are now likely to
Proposed €10,000 increase in threshold to €60,000 following inflation rises Slovenia’s Parliament is now considering a bill to raise VAT registration threshold to €60,000 from €50,000. This new threshold will apply from 1 January 2025. In addition, Slovenia is introducing the 2025 special scheme for
Advocate General says Belgian joint and several liability oversteps EU VAT Directive On the 5th September, the EU Advocate General (AG) opinion on a Belgian VAT fraud case where a seller provides inadequate purchaser details on a VAT invoice to facilitate tax fraud. AG’s act
President considering extending 19% VAT obligations to ride, gig and betting digital platforms Columbia’s proposed 2025 budget may be modified to include an extension of VAT collection obligations to digital platforms and marketplaces. This would include gig economy (e.g. Uber) and accommodation sharing (e.g. Airbnb).
Foreign VAT obligations; administered via Swiss tax authorities The Principality of Liechtenstein imposed Value Added Tax on digital or electronic services in 2010. There is a global income VAT registration threshold of CHF100,000. Liechtenstein and Switzerland have a common VAT policy, therefore the rules concerning
