Richard Asquith - vatcalc.com

Single VAT registration in the EU – movement of own stocks – VAT in the Digital Age

19 May 2022 in

Single EU VAT registration

3 options for simplification of treatment of movement of own stocks using the One Stop-Shop single VAT return to reduce multiple VAT registrations The European Commission (EC) is now reviewing three options to reduced the VAT registrations and compliance reporting costs on movements of own

Bulgaria cuts VAT on heating, accommodation and bread to combat 14.4% inflation

19 May 2022 in

Bulgaria

Temporary tax breaks on domestic fuel and basic foodstuffs The Bulgarian government has proposed temporarily reducing the Value Added Tax rate on domestic heating and bread. The National Statistical Institute said that Bulgaria’s consumer prices rose by annualised inflation rate of 14.4% (12.4% in March).

US e-invoicing pilot update

19 May 2022 in

e-invocing

The US’ Business Payments Coalition has launched a federal B2B electronic invoicing exchange pilot in the second half of 2022. The aim is to launch a full public scheme in 2023 for voluntary adoption. Over 75 international businesses have now joined the pilot as at

Poland likely to extend inflation VAT cuts

18 May 2022 in

domestic gas and electricity

Warsaw government considering rolling over VAT cuts Mateusz Morawiecki, Poland’s prime minister, has confirmed Poland is likely to rollover a number of temporary VAT rate cuts as inflation hit 12.3% in April 2022 (March, 10.9%). This is the highest rate since 1998. The current cuts,

EU e-invoicing questions – VAT in the Digital Age

17 May 2022 in

Digital Reporting Requirements

Outstanding decisions on Partial or Total Harmonisation of Digital Reporting Requirements The EU review of digital reporting requirements (DRR) is now progressing following the completion earlier this month of the public consultation. The DRR review includes options for EU-wide live transaction or e-invoice reporting to

EU import indirect representative not liable for VAT

15 May 2022 in

ECJ rules that Indirect Representative not liable for VAT; only customs duties The Court of Justice of the European Union has ruled the mandatory indirect representatives are not jointly and severally liable for the VAT of their importer clients. Representative agents act on behalf of

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Mexico adds to approved non-resident VAT registered digital service providers list

13 May 2022 in

e-services

List of VAT compliance foreign providers of digital services grows to 154 The Mexican Servicio de Administración Tributaria, SAT tax authorities has published an extended list of non-resident digital or electronic service providers who have registered to charge Value Added Tax. Mexican VAT on digital

How many countries have VAT or GST regimes? 171

12 May 2022 in

Goods and Services Tax

171 countries have implemented VAT or GST as at May 2022 Since the first introduction of a Value Added Tax in France in 1968 (initial version 1950’s), it has now been adopted by 171 countries around the world. In many countries, VAT is known as

EU platform economy issues on full liability model – VAT in the Digital Age

11 May 2022 in

deemed supplier

Questions around marketplace deemed supplier obligation as part of VAT in the Digital EU review Following the ending of the public consultation of the EU VAT in the Digital reforms, a number of issues remain around the proposed full liability model being considered for the platform

Belgium extends VAT return deadline

11 May 2022 in

VAT filing deadline extended; payment date unchanged The Belgian Federal Public Service-Finance has extended the quarter 3 Value Added Tax return deadline. The filing date is now 25 October instead of 20 October 2022. There will be no change to the payment deadline, which remains

Author: Richard Asquith

Single VAT registration in the EU – movement of own stocks – VAT in the Digital Age

Bulgaria cuts VAT on heating, accommodation and bread to combat 14.4% inflation

US e-invoicing pilot update

Poland likely to extend inflation VAT cuts

EU e-invoicing questions – VAT in the Digital Age

EU import indirect representative not liable for VAT

Mexico adds to approved non-resident VAT registered digital service providers list

How many countries have VAT or GST regimes? 171

EU platform economy issues on full liability model – VAT in the Digital Age

Belgium extends VAT return deadline

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