e-Bright singles out VATCalc as number one Challenger in global tax tech community In its new global tax tech league tables, e-Bright, the tax education company, has named VATCalc top
2024 Budget reduced VAT on electronic and audio books to zero The 2024 Irish Budget includes a provision to reclassify the VAT rate on electronic books to zero. This brings
Following Brexit, UK’s Retained EU Law Act 2023 ends certain reliance on EU-derived rulings on VAT The UK will cut certain links to EU VAT derived legislation from 1 January
July 2024: Bringing VAT Act into line with EU VAT Directive and recent ECJ rulings The Slovakian Ministry of Finance has published a number of simplifications and other changes to
2024 increase from €40,000 to €50,000 for annual VAT registration threshold In the Latvian draft Budget, a proposed hike in the VAT registration threshold is set to rise from €40,000
Finance Ministry targets extra €2 billion VAT collections from digitalisation of reporting The Greek Finance Ministry is aiming to improve on the nearly 20% VAT gap losses in tax revenues
Further extension of VAT rate cut to natural gas supplies until 31 December 2023 Italy has gazetted an eighth extension to the super reduced VAT rate on the supply of
1 October 2023 top rate GST for online gaming, casinos and horse racing The Indian GST Council, which oversees the national Goods and Services Tax, has subjected online gaming, casinos
Drop of over 40,000 VAT registered business in past year The UK has experienced the first drop in the number of VAT and PAYE registered businesses since 2011. The number
As tax authorities mandate live VAT transaction reporting can tax engines tackle the new determination risks? Calculating the right VAT on complex and international transactions has always been a challenge
Strengthening e-commerce powers to tackle evasion; no new e-invoicing timetable In this week’s 2024 Finance Bill, there are a number of upgrades of powers and rules for the tax office
VAT imposed on renters of three or more properties 2024; hike in ‘stayover tax’ Greece is to automatically apply VAT on sharing economy home renting where the provider offers three
New quarterly reporting of cash and receivables from Nov 2023 Bulgaria’s 2023 Budget has imposed a new quarterly report for all VAT registered businesses to declare cash holdings and certain
New guidance on VAT liabilities for crowdfunding, including peer-to-peer loans The Finnish tax authority has issued new tax guidance including the VAT issues for contributors to crowd-funding projects. Scope of
As part of major investment and structural reforms, range of VAT measures now being review in German parliament Germany has launched a major set of investment and innovation bill which
Basic foods VAT cut from 7% to zero extended by three months till end of the year The Portuguese government has extended the temporary cut in VAT on basic foods
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