News from IVA members

12 December 2017
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.

12 December 2017
Germany – ECJ: Postal address on invoice is sufficient

In its decision of 15.11.2017 in the legal cases Geissel and Butin – C-374/16 and C-375/16, the ECJ held that the address, where the issuer of an invoice carries out its economic activity, does not have to be specified in the invoice for the purpose of input VAT deduction. In the ECJ’s view, it is sufficient that the postal address used in the invoices is an address at which the supplier is contactable. This is a clear rejection by the ECJ of the rather narrow German point of view. The decision is also important as regards the recipient’s address.

12 December 2017
ECOFIN reach an agreement on E-Commerce VAT regime reform

The EU’s Economic and Financial Affairs Council (ECOFIN), which is a council consisting of economic and finance ministers from all EU member states that are responsible for setting economic and taxation policies within the EU, reached an agreement on the proposed 2022 E-Commerce VAT regime reforms.

17 October 2017
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...

17 October 2017
Germany - VAT Refund Procedure for non-resident Taxable Persons

VAT refund procedure for non-resident taxable persons: small concessions and significant tightening of formal requirements

Already with effect from 20.07.2017, secs. 60 and 61 of the German VAT Implementation Code were amended. In its letter of 22.09.2017, the Federal Ministry of Finance implemented the amendment into the German VAT Circular. Generally, the formal requirements are being tightened and will already apply to refund applications for 2017, which had to be filed by 30.09.2017.

17 October 2017
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. 

20 September 2017
Romania - Split Payment System to be introduced as of 1 January 2018

The upcoming introduction of a split payment system by the Romanian tax authorities will enable them to control future payment transactions between taxpayers. It is expected that, as of 1 January 2018, it will be mandatory for customers to transfer invoiced VAT amounts to a special tax account of the supplier. The regulation will also be applicable for taxpayers not established in Romania but registered for VAT purposes there.

20 September 2017
Hungary - Extended Food Chain Supervision Fee (FCSF) to foreign businesses registered for VAT

Hungary extended the scope of the food chain supervision fee (FCSF) to foreign businesses registered for VAT in Hungary. Previously only domestic companies were obliged to pay FCSF. The food chain supervision fee (FCSF) is a tax on the food supply chain activities. FCSF rate is 0,1 % and it is levied on the net sales revenue derived from such activity.

20 September 2017
Germany - Waiver of VAT Exemption

The German Ministry of Finance implements Federal Fiscal Court case law with respect to the waiver of VAT exemptions, as well as the withdrawal thereof. Accordingly, in the future, the waiver and its withdrawal are still permissible up to the substantive enforceability. However, this does not apply to the supply of immovable property outside of a foreclosure procedure. In the future, a taxable person can only opt for VAT liability when a notarial sales contract is concluded.

24 May 2017
Spain – SII

A news update (version 0.7) has been published on the website of the Spanish Tax Agency. The main issues are as follows:...

Join incoming Conference

Linked In

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.

Read more ...

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.

Read more ...

News from EC

Tax Policy Update – Accountancy Europe

Tax Policy Update – Accountancy Europe

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.