On January the 1st 2020 a new VAT measure package will come into force proposed by the European Commission and ratified by the European Council. Quick Fixes is a proposal of provisional measures focussed to establish a definitive VAT system, and harmonize it within the intra-community trade. Read more
AC Forum – International VAT workshop to be held in Lausanne
The Associations Conference Forum (AC Forum) – European network of NGOs – is organizing for September 27th and 28th an “International VAT workshop” that will be held in Lausanne. Read more
Summary of the latest VAT changes in Cyprus
The main VAT changes in Cyprus over the last few months concern the implosion of VAT at 19% on the leasing/rental of immovable properties and undeveloped building land, as provided for in the amending VAT Law No. 157(I)/2017 of 13 November 2017. Read more
VAT Treatment of Payment Services in Ireland
The Revenue Commissioners have published a new Tax and Duty Manual, “VAT Treatment of Payment Services”. Certain financial services including negotiating or dealing in payments and transfers are exempt from VAT and this new manual provides guidance in relation to the nature of such exempt services. Read more
Prohibition of Abusive Practices in Ireland
The decision of the Court of Justice of The European Union (CJEU) in the case of Edward Cussens & Others v T.G. Brosnan C-251/16 was published on 22/11/2017. The case concerned the recovery of VAT in relation to property sales. Questions relating to the application of the principle on the prohibition of abusive practices in Ireland were referred to the CJEU. Read more
EFS Seminar at Erasmus University Rotterdam – “Action Plan on VAT: Towards a Single VAT Area?”
On 22 February 2018 European Fiscal Studies (EFS/Erasmus University Rotterdam (EUR)) held its annual indirect tax-related seminar, this year focusing on the recent proposals of the European Commission on its Action Plan for a Single VAT Area under the title ‘Action Plan on VAT: Towards a Single VAT Area?’. Speakers/ Panel Members included the chairman Prof. Walter de Wit (EFS, Erasmus School of Law, EY), Prof. Gert-Jan van Norden (Tilburg University, KPMG Meijburg & Co), Prof. Marie Lamensch (Vrije Universiteit Brussel, KU Leuven and UCLouvain), Allard van Nes (Royal Friesland Campina) and Marcel Neggers (Dutch Tax and Customs Administration). Prof. Ben Terra (University of Lund, Sweden, Universidade Catholica Lisbon, Portugal) joined the panel during the plenary discussion.
Latvia VAT updates for 2018
Significant amendments to a number of tax-regulatory acts are enacted from 1 January 2018 including VAT. The amendments envisage a lower threshold for mandatory registration in the Register of VAT Payers and extend the business areas eligible to special VAT payment regime, the so-called reverse VAT.
Greece: Major VAT changes
Three major changes to Greek VAT are already in force with effective date 1/1/2018 which affect a significant number of taxpayers and businesses.
VAT Developments in Malta: Council implementing decision (EU) 2018/279
On 20 February 2018 the Council of the European Union has decided to authorise Malta by way of a derogation to Article 287 of the EU VAT Directive (2006/112) to increase to Eur 20,000 in the annual turnover threshold exempting persons whose economic activity consists mainly in the supply of services with a high element of value added.
Implementation of the Czech VAT Act for services directly linked to the import and export of goods
In view of the judgment of the Court of Justice of the European Union of June 29th, 2017 C-288/16 L, the Ministry of Finance of the Czech Republic issued information on the interpretation of the Article 69 of the VAT Act, concerning the exemption of services directly linked to the export of goods. Nevertheless, it also refers to applicable exemptions in case of imports.