Changes to distance selling rules for the UK were implemented as part of The Taxation (Post-transition Period) Act. This document provides a summary of the changes as at 1st January 2021. Read more
Webinar | E-Commerce: new EU VAT rules for B2C distance sales of goods and services will come into force on July 1, 2021
A major VAT reform is coming in effect on July 1, 2021 in the Member States of the European Union. Companies providing certain services or deliveries of goods to private individuals located in the EU Member States, will be able to register at the VAT Mini One Stop Shop (MOSS) in a single EU Member State, where they can declare and pay VAT on all of their sales in EU Member States. Read more
Principle of continuity for unfinished operations between the eu and the uk at the end of 2020
Continuity principle for unfinished operations between eu and uk (at the end of 2020)
The transitional period, which began on February 1, 2020, which extended the tax effects of Brexit to January 1, 2021, ended on December 31, 2020.
According to the provisions of the Agreement on the withdrawal of the United Kingdom of Great Britain and Northern Ireland from the European Union, the United Kingdom will no longer be part of the Unique Market and the Customs Union of the EU and will become, in effect, for the purposes of VAT, a “third country”. Read more
France: Simplification of formalities related to distance sales (B2C) of excise products from January 1, 2020
Finance Law No. 2019-1479 of December 28, 2019 for 2020 has simplified the formalities relating to distance sales of products subject to excise duty.
This provision covers the sales of excise products already released for consumption in a Member State of the European Union and sent directly or indirectly by a supplier not established in France to be delivered to individuals residing in France (B2C). Read more
New “Taxes in Europe database”
The EU Commission has just published the new “Taxes in Europe database”, collecting all information on standard, reduced and zero VAT rates on all goods and services in EU Member States.
RECENT VAT CHANGES IN CYPRUS
Since the beginning of 2020, some important VAT changes enacted in Cyprus. The main ones are following.
COVID-19 VAT RELATED MEASURES
VAT updates from Ireland
Revenue have produced new guidance setting out the VAT treatment of food supplements and certain other substances for human consumption. Read more
Brexit and EORI numbers applications made in Germany
As it stands, the date on which Great Britain leaves the EU has been put back to 31 October 2019. Should the British parliament agree to the deal negotiated with the EU, an earlier exit is possible. However, if this is not the case Great Britain will leave the EU without a deal and the consequences of a “no deal” Brexit will come into effect on 1 November 2019. Read more
Summary of the recent VAT changes in Cyprus
This newsletter briefly outlines both shortly expected and recently adopted VAT changes in Cyprus, starting with the changes triggered by amendments in the main EU VAT Directive, which Member States are required to implement, then followed by specific local amendments in the VAT law or the practice of the Tax Department, as well as recently issued clarifications on certain topics. Read more
New EU laws – on digital content and on the sales of goods to be approved
New rules to better protect consumers whether they buy a product over the internet, in a local store or download music or games were approved by Parliament on Tuesday.
The new EU laws – on digital content and on the sales of goods – harmonise key contractual rights, such as the remedies available to consumers and the ways to use those remedies. They are part of the Digital Single Market strategy, which aims to ensure better access for consumers and businesses to online goods and services across Europe.