HMRC has scrapped VAT completely off e-books and e-publications from 20% down to 0%. In an effort to make reading more accessible for the UK public while in self-isolation due to the Coronavirus, HMRC fast-tracked the motion and implemented it seven months ahead of schedule.
The Covid-19 virus is affecting almost every area of business and the VAT implications of Covid-19 are no different.
The European Commission decided to initiate formal infringement proceedings against Germany over section 22f & 25e of the German VAT Act.
HMRC letters to VAT-registered businesses trading with the EU explaining how to prepare for changes to customs, excise and VAT if the UK leaves the EU without a deal.
As of 1st January 2020, significant changes to intra-community VAT system in Poland will come into effect.
Currently both resident and non-resident businesses operating in Bulgaria must register for VAT once they exceed BGN 50,000 (£22,000) in taxable supplies within a year.
In a surprising and somewhat last minute change, HMRC has announced they are postponing the intended implementation date of 1st October 2019, which was planned to be the start of the new regulations for the Reverse Charge Mechanism for constructions services.
New regulations concern an amendment to the VAT Act, with new rules when it comes to deleting companies from the VAT taxpayers register.
The results of a lengthy study released by the European Commission highlight EU countries lost €137 billion in Value-Added Tax (VAT) revenues in 2017.