The UK Treasury, HMRC, have put forward legislation to increase VAT for home solar-power systems from 5% to 20%, ironically on the same day that MPs have been debating the government’s new net zero carbon target for 2050.
Month: June 2019
The Netherlands and France have joined forces in attempts to convince other European countries to end the current tax exemptions on jet fuel and plane tickets, as part of an ongoing drive to make the EU carbon neutral by 2050.
The tax authorities in Kuwait recently announced that it will finally introduce Value Added Tax (VAT) at 5% from 1st April 2021.
The Polish Ministry of Finance has again delayed the introduction of SAF-T (Standard Audit File for Tax), which was agreed back in November 2018 to replace the existing VAT laws in the country.
In a somewhat surprising move, Costa Rican Congress have approved a new tax package called “Law of Strengthening of Public Finances number 9635” which has introduced a number of additional taxes.
California Governor, Gavin Newsom, has signed a bill into law which imposes a sales tax registration & collection obligation on remote sellers which exceed $500,000 in sales for delivery in California.
The Prime Minister of Greece, Alexis Tsipras, has confirmed the Greek parliament have approved his proposal to reduce the rate of VAT across various sectors in the country as previously stated here.
HMRC have announced a new initiative and are applying new rules where the recipient of certain construction services will now be responsible for accounting for VAT, rather than the supplier.