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.
In a bid to further their clamp down on digital tax and VAT fraud, the French VAT authorities have released further details about the obligation for online e-commerce businesses to provide extensive details about all French sales.
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.
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.
In the event the UK withdraws from the European Union on October 31st without a withdrawal agreement (a no-deal Brexit),companies which are established in the UK and have obtained a Tax Identification Number (VAT Registration Number) for VAT purposes in Greece..
In 2017, the UAE introduced an ‘excise tax’ on certain products which are deemed to put the health of the people and the environment at risk.
The Kingdom of Saudi Arabia have amended their VAT laws by removing the requirement for foreign VAT-registered businesses to appoint a local fiscal representative.