The Finnish government is planning to raise the reduced VAT rate of 10% to 14% for all goods and services except newspapers and magazines from the beginning […]
Posts archive for November, 2023
Sweden – Update in invoicing guidelines
The Swedish VAT Authorities have issued a clarification in relation to requirements that a complete invoice must contain. In particular, an invoice needs to include, among other […]
UK – Autumn Statement for 2023
The UK government recently announced their Autumn statement for 2023 which included the following amendments relating to VAT. The 0% VAT rate currently applicable on women’s sanitary […]
Greece- Budget 2024 – Proposed VAT changes
The Greece Budget for 2024 was submitted to Parliament on 21st November 2023 and included the following proposed amendments relating to VAT.
Poland – Proposal to extend 0% VAT rate on food until 30th June 2024.
The Polish Deputy Finance Minister has submitted a bill proposing that the 0% VAT rate on food be extended until 30th June 2024. The 0% VAT rate […]
Slovakia – Proposal to increase the VAT registration threshold from EUR 49,790 to EUR 75,000.
Slovakia are proposing to increase the VAT registration threshold for resident businesses from EUR 49,790 to EUR 75,000.. If approved it is expected to enter into effect […]
Czech Republic – Consolidation of the reduced VAT rates into a single 12% rate from 1st January 2024 was signed into law.
In the Czech Republic, the consolidation of the two reduced VAT rates of 15% and 10% into a single 12% VAT rate which is due to take […]
Digital VAT Reporting consultation in Ireland: Revenue to take inspiration from businesses’ experiences in other jurisdictions
Irish Revenue has now opened its public consultation, as it considers the direction it will take to modernise Ireland’s domestic reporting systems – with e-invoicing & Digital […]
Germany – VAT on restaurant and catering services to revert to 19% from 1st January 2024.
The VAT rate on food served in restaurants and catering services will increase from 7% to 19% with effect from 1st January 2024. The VAT rate was […]
EU Commission ViDA update: Implementation delayed due to Member State deliberation on e-invoicing & digital reporting pillar
The EU Commission provided an update on the current status of ViDA negotiations, at the recent VAT expert group meeting which was held in the last weeks. […]
Czech Republic – Consolidation of the reduced VAT rates into a single 12% rate approved by the Parliament
The Czech Parliament has approved the proposal of consolidating the two reduced VAT rates of 15% and 10% into a single VAT rate of 12% from the […]
Luxembourg – Extension of reverse charge mechanism from 1st January 2024
From the 1st January 2024, the Luxembourgish government is extending the reverse charge mechanism to the following supplies:
EU – Update on e-invoicing time frame
A few countries have recently update their position on the implementation of the e-invoicing. Listed below are the latest updates:
Latvia – Proposed 12% VAT rate on fruit and vegetables
The Latvian government is planning to increase the reduced VAT rate on fruit and vegetables from 5% to 12% from the 1st January 2024. The reduced VAT […]