The European Commission’s VAT Committee acknowledges that small losses of property, which result from the very nature of the property, unforeseeable circumstances or an authorisation or instruction from the competent authorities, will not give rise to an Intra-Community supply as described in Article 17 of Directive 2006/112/EC. Small losses are defined as losses of less...
A VAT number may be communicated by any means as long as there is proof the number has been received by the supplier. It may be that exchanging e-mails is sufficient. It may be than an intermediary trader only indicates the VAT number used for all supplies to a certain Member State once. If the...
The European Commission expects Member States to accept all forms of electronic records for supplier record keeping. The only requirement is that the data be easily accessible and retrievable by the tax authorities. Suppliers are also permitted to use a single record for several warehouses, provided that the data for each warehouse and each intended...
From 1st January 2020, a reduced 10% VAT rate will apply to the sale of periodicals (newspapers, magazines and journals published at least 4 times a week). In addition, the list of foods benefiting from the 10% reduced rate is also extended to so-called healthy foods such as dairy products, natural honey, certain vegetables, fruit...
On 1st January 2020, Croatia will apply the reduced 13% VAT rate to food preparation and meal services (including take-aways), and to services related to copyright, composers and artists, and or those exercising this activity within the framework of a specific regulation.
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...
From 1st January 2020, the VAT registration threshold of BGN 50,000 for non-resident companies carrying out taxable transactions in Bulgaria will disappear. Non-resident businesses will therefore have to register for VAT, if necessary, from their first taxable transaction.
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.
The reverse charge mechanism is not currently availale for the construction and building services sector. It was due to come into force on 01/10/2019 and has now been postponed until 1st October 2020. This mechanism will not be available for certain services. The following services are excluded: drilling for or extraction of oil or natural...
From 1st January 2020, the reverse charge mechanism applied to the transfer of gas and electricity certificates will be extended. Currently VAT reverse charges fo not apply if the supplier is established in Germany. Under the new provision, the reverse charge mechanism will apply even if the supplier is a taxable person established and identified...
As a general rule, Spanish VAT returns must be submitted and paid by the 20th of the month following the reporting period. Exceptionally, VAT returns for December and the last quarter of 2019 are due by the last day of January following the reporting period.
From 1st January 2020, the reverse charge mechanism will no longer apply in Latvia to building material supplies and the supply of domestic electrical and household appliances. In addition, the VAT exemption for medical and dental services provided directly to the patient has been extended to include the same services provided to other medical institutions.
From 1st April 2020, the Netherlands, will transpose into national law Delegated Regulation 2015/2446, an addition to EU Regulation n952/2013 which establishes the EU Customs Code, and in particular Article 1 (19), which gives a new restrictive definition of what export means. From now on, to be an exporter from the Netherlands, and to check...
Paragraphs 937 to 943 of Article 1 of the Finance Act of 27th December 2017 introduced measures to combat VAT fraud, with regard to the release for consumption of fuels and or fuel derivatives from a tax warehouse. The provisions in question only concern warehouses used solely for the storage of fuels and derivative products...
On October 2nd 2019, the Portuguese Tax Authorities published the general guidelines for the new invoicing rules. These confirmed that even companies without a permanent establishment in Portugal who are established within the EU will be required to issue invoices using certified software, from 1st January 2021. From 1st January 2020, this obligation also applies...
