Eurozone energy inflation 41% (38% August); temporary VAT subsidies for domestic power, foods and other basics A fast-growing queue of European countries are emerging to cut their already reduced VAT rates on domestic energy, petrol and foods. Eurozone headline inflation hit 10% in September (9.1% in
Are NFT crypto assets transactions subject to EU digital services VAT rules? Non-Fungible Tokens (NFT’s) trading is rising in popularity raising the question is they are liable to EU VAT as a digital service. Counties like Belgium and Spain have concluded they are – but
Review of 2020 4 Quick Fixes finds room for practical improvements The European Commission’s VAT Forum has produced a review of the 2020 VAT Quick Fix measures. These were introduced to effect four changes to the rules around B2B intra-community (within EU borders) VAT transactions to
Eurozone energy inflation 38% August 2022 (40% July); temporary VAT subsidies for domestic power, foods and other basics A fast-growing queue of European countries are emerging to cut their already reduced VAT rates on domestic energy, petrol and foods. Eurozone headline inflation hit 9.1% in August,
UK informs EU it will continue not to impose checks on goods movements between Great Britain and Northern Ireland following EU legal warning; signs of settlement by April 2023 Following the EU’s launching of a third set of Northern Ireland Protocol infringement proceedings in July,
Reform conclusions expected 16 November 2022: Single VAT registration in the EU; Digital Reporting Requirements; and Digital Platforms and VAT With public consultations completed and VAT Expert Group review progressed, the European Commission is set to conclude shortly on options for three strands of reforms
Content and fans payment VAT responsibility of ‘Only Fans’ intermediary platform – £11 million liability The EU’s Advocate General of the Court of Justice has opined the ‘Only Fans’ content sharing platform is liable to collect UK VAT on the entirety of payments made to
Eurozone energy inflation 42% July 2022 (39% June); temporary VAT subsidies for domestic power, foods and other basics A fast-growing queue of European countries are emerging to cut their already reduced VAT rates on domestic energy, petrol and foods. Eurozone headline inflation hit 8.9% in July,
EU extends Brexit infringement deadline to 15 September. EU latest legal action against UK on failure to fully implement Northern Ireland Protocol: Import One-Stop Shop e-commerce VAT return; customs checks of goods between NI and GB; and excise measures The European Commission has started four
EU member states adopting harmonised tax data requests for marketplaces; efficient exchange of data between tax authorities – first reports due 2024 for transactions in 2023 Adoption of Directive on Administration Cooperation (DAC 7) is underway across the EU states. The following countries have already
