As of January 1, 2025, Swiss VAT-registered small and medium-sized enterprises (SMEs) are able to opt for annual VAT reporting instead of the previous quarterly or monthly submissions. […]
On 26 November 2025, the UK Budget announced a significant clarification to the treatment of overseas establishments within UK VAT groups. This move marks yet another deliberate […]
In recent months, HMRC has signalled a more stringent approach to input VAT claims and refunds. Recent guidance clarifies when late claims will be accepted and highlights […]
The Swiss government’s proposed increase of the standard Value Added Tax (VAT) rate from 8.1% to 8.8%, initially planned for January 2026, is now likely to be delayed until […]
Introduction: Since 1 July 2021, import VAT is due on all commercial imports, regardless of their value. However, non-EU suppliers and marketplaces who have signed up to […]
UK confirmed there will be no change to existing Intrastat arrivals and dispatches thresholds for reporting movements between Northern Ireland (NI) and the EU. Therefore, exemption thresholds […]
Understanding import VAT Import VAT applies to goods brought into the EU from abroad and is payable in the member state where the goods are imported. Several […]
The First-tier Tribunal’s decision in TSI Instruments Ltd v HMRC [2025] UKFTT 1278 (TC) sends a clear message to businesses operating in the UK: import VAT is […]
HMRC has introduced a new Online VAT Error Correction service, meaning all VAT error disclosures must now be made digitally through your Government Gateway VAT account. What’s […]
In order to simplify tax reporting and reduce fraud, Norway plans to align with the EU standards and introduce mandatory e-invoicing and digital bookkeeping. The Norwegian Tax […]
Move over Jaffa Cakes — there’s a new sweet controversy in town! Marks & Spencer’s viral Strawberries & Cream Sandwich is making waves, not just for its […]
The Finnish Prime Minister agreed on the General Government Fiscal Plan for 2026 – 2029. One of the topics included in it was the proposal to change […]