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Abstract from the IVA Newsletter - March 2019:

In this issue:

1. Register for the IVA Munich Conference
2. IVA Webinar - The Impact of Brexit on VAT
3. Important VAT/GST Information
3.1. Brexit no deal - HMRC - New legislation – including legislation on VAT refunds
3.2. Germany - VAT Treatment of Community of Part Owners
4. European VAT News
5. News from Accountancy Europe

1. Register for the IVA Munich Conference

Dates: 16th and 17th May 2019

Main topic: New VAT foundations

Irresistible forces are making VAT and indirect taxes rapidly change in Europe and worldwide: whether due to the development of e-commerce, the permanent and continuous creation of new types of goods, services and other products, the fight against tax evasion and fraud, new VAT and customs rules, introduced in a sort-of harmonized disorder by governments, general digitalization, new IT systems and automation to cope with all these changes, and finally the tax judges trying to interpret this complex world.

All of these major disrupters are shaking up the principles, the rules and the interpretations of the VAT and indirect taxes legislation and compliance requirements globally.

5. News from Accountancy Europe

European Commission

Commissioner Moscovici hints for the first time possibility of enhanced cooperation on digital tax - 21 February 2019

Speaking at a conference on taxation organised by the think-tank Bruegel, Commissioner Moscovici hinted that he would consider using enhanced cooperation if Member States fail to agree on the digital services tax (DST) at the upcoming 12 March ECOFIN meeting.

The event was about the prospect of introducing qualified majority voting (QMV) into EU s tax decision-making, instead of the current unanimity rule that allows even just one Member State to block a tax proposal. The Commissioner expressed frustration that only three Member States out of 28 (Sweden, Denmark and Ireland) block the DST whilst all others are willing to move ahead.

Commission has launched an EU-wide multilingual campaign urging SMEs to prepare for Brexit - 22 February 2019

The European Commission has launched an EU-wide multilingual campaign urging SMEs to prepare for Brexit including VAT and tax implications.

European Parliament

European Parliament Plenary adopts definitive regime opinion - 12 February 2019

The European Parliament has adopted its position on the introduction of detailed technical measures for the operation of the definitive VAT system for the taxation of trade between Member States. The report, prepared by the MEP Fulvio Martusciello (EPP/ITA), was approved with 493 votes in favour, 48 against and 137 abstentions.

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News from the Board

Communique about the IVA activities in 2018

You can find the document here.

News from IVA members

Germany - VAT Treatment of Community of Part Owners

The Federal Fiscal Court has made a landmark decision on communities of part owners: From a VAT perspective, communities of part owners no longer exist. Consequently, the “mystery” associated with communities of part owners lives on...

Read more ...

News from EC

News from Accountancy Europe - March 2019

Speaking at a conference on taxation organised by the think-tank Bruegel, Commissioner Moscovici hinted that he would consider using enhanced cooperation if Member States fail to agree on the digital services tax (DST) at the upcoming 12 March ECOFIN meeting...

Read more ...

Disclaimer:  The information contained in the present page is general and does not constitute legal advice. Before taking any decision or action on the above information you should take the appropriate professional advice.