Richard Asquith - vatcalc.com

UK HMRC pushes Uber for more VAT challenging TOMS; follows High Court backing 20% VAT on private taxi operators

02/08/2023 in

2 Aug 2023 - HMRC demands from Uber further £386m in VAT; follows Uber win in High Court on requiring all cab companies to collect VAT Uber has reported that the UK's HMRC has assessed a further £386 million to settle back VAT liabilities on

VAT Advisor demo videos

01/08/2023 in

VAT Advisor

Watch how VAT Advisor can instantly deliver complete VAT obligations, draft VAT invoices and return reporting requirements for the most complex of cross-border transactions in over 130 jurisdictions. VAT Auditor is built on the same single application as our tax engine, VAT Calculator and returns

Denmark SAF-T

27/07/2023 in

Denmark

Denmark’s Standard Audit File for Tax introduced as part of wider certified digital bookkeeping requirements The Danish Business Authority, Erhvervsstyrelsen, has developed a proposed version of SAF-T reporting for resident businesses to adopt. This is part of the Danish digital bookkeeping requirements being phased in,

UK platform operators VAT obligations for third party sellers

26/07/2023 in

Draft statutory instrument, based on OECD model rules, sets obligations for platform operators with regards their sellers VAT activities The UK’s House of Commons is now reviewing a statutory instrument which will set for platform operators their due diligence, record keeping and reporting obligations on

Malaysia mandatory B2B e-invoicing & B2C e-Receipt June 2024 update

24/07/2023 in

e-invoices

July 2023 - Inland Revenue Board issues guidance for June 2023 launch of mandatory CTC e-invoicing Malaysia's Inland Revenue Board (IRBM) has issued guidance notes on the launch of its B2B e-invoicing via a new MyInvois Portal or API interface, and B2C e-Receipt regimes, due to

Philippines VAT on digital services non-residents proposal

21/07/2023 in

digital services

Senate debates Bill to impose 12% VAT on nonresident digital service providers and platforms; Jan 2024 earliest implementation timeframe Bill 4122 to impose Philippine VAT obligations on non-resident providers of digital or e-services is being debated this month by the Senate. A similar Bill was

EU DAC 7 marketplaces’ transaction reporting update

19/07/2023 in

DAC 7

European Commission issues letters of formal notice to 6 states that have not notified or only partially notified their transposition of DAC7. The countries are: Belgium; Cyprus; Greece; Poland; Portugal; and Spain. Jan 2023 EC launches consultation on sharing data with non-EU jurisdictions. Follows member

EU Parliament ECON to request 1-year delay to VAT in the Digital Age

18/07/2023 in

Parliamentary finance committee revises oringal 2-year delays request plans to 3-pillar EU ViDA reforms On 18th July, the EU Parliament finance committee, Committee on Economic and Monetary Affairs (ECON) reported that it will request a 1-year delay to the European Commission’s 2025-28 VAT in the

Uganda non-resident 5% Digital Services Tax July 2023

12/07/2023 in

Digital Services Tax

Ugandan Revenue Authority passes DST turnover tax on income from digital services generated by non-residents Uganda’s Parliament passed the introduction of a 5% levy on the gross digital services income received by non-resident providers from local consumers. This is in effect from 1 July 2023.

Digital Services Tax freeze extended till 2025 as OECD Pillar 1 struggles

12/07/2023 in

Digital Services Tax

July 2023 – 138 countries agree to continue the suspension of Digital Services Taxes for a further year as OECD Pillar negotiations proceed 138 countries on 11 July 2023 committed to a further 12 months to negotiate a global settlement on where around 100 digital

Author: Richard Asquith