December 2019

TAX MAG: VAT news in Europe

Keep up with the latest Intra-Community and European VAT news, decoded by our experts.

Focus: December 2019

United Kingdom – Post-Brexit Intrastat Requirements for UK Companies

HM Revenue & Customs – HMRC, has announced that UK companies will still be required to file INTRASTAT returns after BREXIT. The thresholds and deadlines for filing returns will remain unchanged. Consequently, the INTRASTAT return will be required in addition to the customs declaration. This obligation will no longer apply to companies established within the...
18 December 2019

Austria – VAT Registration Threshold to Increase

From 1st January 2020, the VAT registration threshold in Austria increases from EUR 30,000 to EUR 35,000. All domestic companies exceeding the EUR 35,000 threshold must register for VAT and submit their VAT returns. Non-resident businesses cannot benefit from this threshold and must register for VAT, if necessary, from their first taxable transaction.
18 December 2019
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