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COVID-19 Pandemic: Bulgaria Cuts VAT Rate to 9% on Books and Restaurant Services
COVID-19 Pandemic: Bulgaria Cuts VAT Rate to 9% on Books and Restaurant Services

COVID-19 Pandemic: Bulgaria Cuts VAT Rate to 9% on Books and Restaurant Services

The Bulgarian tax authorities are slashing the vat rate on books and restaurants to 9% in an effort to ease costs on these goods and services in light of the Coronavirus pandemic.  The temporary reduced 9% VAT rate for books and restaurant services will apply from 1 July 2020 until 31 December 2021. The Bulgarian […]

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VAT e-commerce Package Postponed by 6 months, EU Commission Proposes

VAT e-commerce Package Postponed by 6 months, EU Commission Proposes

The European Commission released a statement on Friday 7th May that it proposes to postpone entry into application of the VAT e-commerce package by 6 months. The EU commission hopes this will ease the pressure off businesses and member states that are facing bigger challenges in the midst of the Coronavirus crisis. The new proposed […]

HMRC: No VAT on e-Publications for UK Citizens as of 1 May 2020
HMRC: No VAT on e-Publications for UK Citizens as of 1 May 2020

HMRC: No VAT on e-Publications for UK Citizens as of 1 May 2020

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.  Chancellor of the Exchequer Rishi Sunak said: ‘We want to […]

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