7.6% February inflation prompts temporary VAT until end May 2022; electricity VAT cut till Jun 2023 North Macedonia experienced its highest inflation in almost fifteen years. This was up from 6.7% in January. Transport reached 19.4% annual inflation. Other European cuts on VAT on fuel
Swiss referendum on digital streaming ‘Lex Netflix’ levy where foreign services do not invest in local production Swiss voters on 15 May agreed to introduce a 4% levy on providers of digital streaming services such as Amazon, Disney+ and Netflix. This is expected to generate
Withdrawal of €22 low value consignment exemption and new IOSS return success; 8,000+ IOSS registrations; Council backs VAT in the Digital Age further reforms The European Commission has confirmed that EU member states have collected €1.9 billion between July and December 2021, the first six
UK extends MTD digital record-keeping and filing obligations to 1.1 million taxpayers from 1 April 2022; builds on phase II, April 2021 The requirements around digital VAT record keeping and submissions through MTD-compatible software to HMRC are to be extended to around 1.1 million small
Uber imposes 20% VAT following High Court employment case upheld it as a contractor rather than agent Ride sharing platform, Uber, will start to impose 20% Value Added Tax from 23:55 on 14 March 2022. This follows a December 2021 UK High Court ruling on
The role of digital platforms in the taxation of the gig and sharing economy New Zealand has launched a consultation on taxing gig and sharing economies. Get our global VAT and GST free news emails, sign-up here. Options to tax the new digital platforms and
Sharing best practices on tax administration and collections to reduce missing VAT The European Commission is developing its VAT Gap Initiative in the third quarter of 2022 to help exchange ideas between EU member states’ tax administrations to help close the EU VAT Gap. This
July VAT cut to follow excise duties cut as energy inflation hits 77% in February The Dutch Cabinet has approved a petrol excise duties cut on fuel from 1 July 2022. It will also cut VAT on energy (natural gas, electricity and district heating) from
European Commission VAT reforms public consultation extended 20 days The EC has stretched out the public consultation deadline of its VAT in the Digital reforms from 15 April to 5 May 2022. The public call for evidence phased completed on 17 February. The consultation seeks
