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Abstract from the IVA Newsletter - October 2017:

Dear VAT professionals,

In this issue:

1. IVA Board Elections 2
2. Welcome to our latest IVA Members 2
3. Important VAT/GST Information 3
3.1. EU - VAT on Trade 3
3.2. Germany - VAT Refund Procedure for non-resident Taxable Persons 4
3.3. Spain - SII 6
4. European VAT News 7
5. World VAT/GST News 8
6. News from Accountancy Europe – formerly the Federation of European Accountants

1. IVA Board Elections 

The IVA 2017 Board elections will take place during our General Meeting (Autumn conference) in Brussels, on 19th October 2017.
 
Every ordinary member of the IVA who participates at the Autumn conference in Brussels will receive a voting bulletin during the registration process on arrival. The voting bulletin will contain the names and details of each of the 14 candidates who have applied to become members of your Board. You can vote during the first coffee break, or after the second session, on Thursday. The location of the voting boxes will be indicated on arrival.

3. Important VAT/GST Information

3.1 EU - VAT on Trade 

Major reform of VAT on trade within the EU begins

The transitional régime for intra-Community trade introduced more than 25 years ago is to be replaced by a definitive VAT system. On 4 October 2017, the EU Commission published the first draft proposals for the amendments to the Council Directives and explained the new system’s basic structure.

...

4. European VAT News

France

A new requirement for all resident French businesses (and potentially non-residents) that are VAT registered to use certified anti-VAT fraud software when undertaking cash and credit sales to consumers (B2C transactions) will be introduced from 1 January 2018.

The software introduced will be approved by the French tax authorities and will be designed to prevent VAT fraud by stopping businesses from fraudulently amending the details of their sales transactions. Foreign providers of these types of cash transactions will also be obliged to follow the new requirements and go through the accreditation process if they make cash sales in France.

Poland

Poland recently announced that the introduction of the anti-VAT fraud split payments regime will be delayed until 1 April 2018.

The original proposed implementation date was 1 January 2018 and once introduced the split payment procedure will allow customers to pay the VAT amount of a sale directly into a special supervised bank account. The tax authorities can then make withdrawals directly from this bank account in order to settle the supplier’s VAT liability.

...

6. News from Accountancy Europe – formerly the Federation of European Accountants 

Major VAT packages expected for the autumn - 19 September 2017

The European Commission is driving its VAT reform agenda forward with full speed. On 4 October, it will publish the first step of its proposals to move towards a definitive regime and the destination principle. This will be accompanied by a proposal concerning the so-called certified taxable persons (CTPs). The second step is expected for 2018, and will lay down detailed technical provisions needed for the operation of the definitive VAT system. On 29 November, in turn, the Commission will publish proposals to reform the EU VAT rates system, to simplify VAT rules for SMEs, and to reinforce the existing instruments for administrative cooperation.

...

 

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News from the Board

Communique re Elections 2017

Dear Members, At our next Conference in Brussels in October (19.10.2017) we will be asking you to vote for the appointment of the members of the Board...

Read more ...

News from IVA members

Spain - SII

SII and monthly data reconciliation. An advisable simple routine

With the experience gained after, almost, three months of helping companies with their SII obligations, we think worthwhile stressing the importance of a very simple routine which many may be tempted to dismiss as unnecessary...

Read more ...

News from EC

News from Accountancy Europe – formerly the Federation of European Accountants

Major VAT packages expected for the autumn - 19 September 2017

The European Commission is driving its VAT reform agenda forward with full speed. On 4 October, it will publish the first step of its proposals to move towards a definitive regime and the destination principle. This will be accompanied by a proposal concerning the so-called certified taxable persons (CTPs)...

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.