20 November 2017
Tax Policy Update – Accountancy Europe

Tax Policy Update – Accountancy Europe

17 October 2017
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)...

20 September 2017
News from Accountancy Europe – formerly the Federation of European Accountants

The Commission has published the latest annual Taxation trends report. The report shows that revenues from consumption taxes (including VAT and excise duties) for the EU-28 increased as a percentage of GDP in 2015. However, the share of consumption taxes out of total revenue increased only slightly to 28.7% compared to 28.5% in 2014. The report also demonstrates that the average top corporate tax rate reduced from 22.5% to 21.9% between 2016 and 2017. The Taxation trends report provides detailed statistical and economic analysis of the tax systems of the 28 EU Member States, as well as Iceland and Norway. The report also includes country chapters where, for each country, key tax indicators are provided on tax revenues as a percentage of GDP for the years ranging from 2003 to 2015. These are supplemented by tables presenting the latest tax reforms in each country.

20 September 2017
European VAT News - UK 09 2017

The UK government has updated its plans to prevent VAT evasion committed by non-compliant, non-EU businesses that sell goods online in the UK and will now include the “Fulfilment House Due Diligence Scheme” (FHDDS), which will target fulfilment houses in an effort to get them to monitor their customers VAT compliance, in its early-autumn Finance Bill. 

20 September 2017
European VAT News - Switzerland 09 2017

The Swiss tax authorities have confirmed that they are amending their VAT Act from 1 January 2019 to state that non-resident mail order companies, which generate a turnover of more than CHF 100,000 of low value consignment sales in Switzerland, will have to VAT register and charge VAT on their sales in the country. 

20 September 2017
European VAT News - Latvia 09 2017

From 1 January 2018, the Latvian annual VAT registration threshold for resident businesses will reduce from €50,000 to €40,000 per annum.

This will not affect non-resident businesses who have a nil threshold and have to register from the first sale that they make in the country.

20 September 2017
European VAT News - Greece 09 2017

In an effort to prevent VAT fraud, the Greek government has implemented a domestic reverse charge mechanism on supplies of mobile phones, games consoles, tablet PCs and laptops. 

This new mechanism, introduced on 1 August 2017, will mean that businesses providing these types of electronic devices will no longer have to charge VAT on their supplies to other business customers.  Instead, it will be the customers’ responsibility to account for the VAT in their own returns.

20 September 2017
European VAT News - Belgium 09 2017

The Belgian VAT Authorities have recently published a circular clarifying the rules for input VAT recovery and VAT adjustments connected with the free distribution of samples, commercial gifts of low value, promotional items, gifts to staff or their children, donations of goods in stock to victims of disaster and food donations.

24 May 2017
News from Accountancy Europe – formerly the Federation of European Accountants - 05.2017

The European Commission has published a taxation paper on tax certainty. The paper analyses main sources of tax uncertainty, reviews the economic and empirical literature on the ...

24 April 2017
News from Accountancy Europe - formerly the Federation of European Accountants - 04.2017

The European Commission has published its long-anticipated White Paper on the Future of the EU 27 by 2025. The paper was launched in view of the Rome Summit on 25 March...

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News from the Board

Fighting VAT Fraud

The IVA directly contributed to the translation of the French translation of the EU VAT FORUM Guide on enhanced cooperation between Member States and Business in the field of fighting VAT fraud in support to the work of the EU VAT FORUM and the Commission.

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News from IVA members

UK – To extend the scope of joint & several VAT liability for online marketplaces

The UK government has confirmed that from 30 June 2018, in an effort to prevent VAT fraud all UK-based businesses that are involved with fulfilling orders of imported goods for third party businesses will need to apply to join a new approved fulfilment house register.

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News from EC

Tax Policy Update – Accountancy Europe

Tax Policy Update – Accountancy Europe

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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.