In the UK, HMRC charge late payment interest from the first day that the VAT payment is due until the day it is paid in full. Interest […]
Posts archive for 2023
Cyprus – Proposed reduction in VAT on a number of products and services.
The Cypriot government are currently proposing a reduction in VAT on a number of products and services to ease the cost of living. If approved the legislation […]
VIDA deadline may be extended
The European Committee on Economic and Monetary Affairs ( ECON) has on the 25th May proposed that the implementation date for all aspects of the ViDA proposal […]
EU Customs reform: A VAT perspective
On 17th May 2023, the EU Commission released a comprehensive package of proposed EU customs reforms which will represent the biggest changes to the EU customs union […]
VIDA – Public consultation – Meridian Podcast Series
Following the public consultation feedback on VIDA from large business, industry groups, tax advisors & associations, the EU commission are set to make some changes to the […]
Germany – Businesses using OSS may receive payment reminders from other EU Member States.
Some business using the OSS system in Germany have reported receiving notifications from other Member States advising that the necessary VAT payments have not been received. EU […]
Poland – End to tax schemes introduced as a result of the cancellation of the COVID 19 epidemic emergency – July 2023.
Poland has issued a draft regulation to cancel the state of epidemic emergency from COVID 19 on 1st July 2023, as such, the following tax measures introduced […]
Portugal – Extension to submission and payment deadline for periodic VAT return for the period June and Quarter 2 2023.
An extension of one additional month will apply to the Portuguese periodic VAT returns due for the periods of June and Quarter 2 2023. In Portugal, the […]
Change in HMRC – VAT registration helplines
From 22nd May 2023, HMRC is closing its help line that assists companies in its VAT registration application process. Advisers working in this help line team will […]
German Ministry of Finance publishes clarification on the VAT treatment of chain transactions
In 2020, as part of the Quick Fixes (implemented to help simplify certain aspects of EU VAT) Article 36a of the EU VAT Directive) was introduced so […]
Belgium – Changes to the issuing of VAT statement of accounts
From May 2023 Belgian taxpayers will no longer automatically receive a VAT statement of account on the MyMinFin portal, previously the Belgian VAT authorities would issue a […]
Greece – mandatory e-invoicing in B2G sector
In 2022, Greece announced mandatory electronic invoicing for business to government supplies (‘B2G’), however a decision regarding the timelines for implementation of same has recently been published […]
EU VAT Update May 2023
Czech Republic- Reduced VAT rates of 10% and 15% to be merged under new VAT rate of 12% The Czech government recently announced a recovery package to […]
Top 5 risks areas for cross-border VAT
With all the advancements in technology, communication and transport that have happened over the last few decades, it has allowed businesses the opportunity to conduct cross border […]