VATupdate – VATupdate – Your daily VAT news from around the world

Oil companies face fines up to €6 million for not properly applying the VAT reduction on fuels. They must provide information to the National Markets and Competition Commission about implementing measures to mitigate the Iran war’s financial...

Podcast on Spotify Follow the latest updates on E-Invoicing and Real Time Reporting on www.vatupdate.com and the LinkedIn pages on E-Invoicing/Real Time Reporting and ViDA. HIGHLIGHTS OF WEEKS 12/2026 NEW COLLECTION...

MIXED Last week, I attended a cocktail workshop. Inevitably, this made me think about VAT. But first, a few highlights from the past week in Europe: The ECJ confirmed that Member States cannot reject refund claims...

Oil Companies Face €6 Million Fines for Failing to Apply Fuel VAT Reduction Properly

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Tim Martin Urges United Pub Campaign for Lower VAT to Prevent Widespread Closures

Countries Slash VAT and Indirect Taxes to Counter Oil Price Surge Amid Iran Conflict

Poland Debates Fuel VAT Cut as Opposition Pushes for Reduction from 23% to 8%

Key Global VAT and E-Invoicing Changes for 2026-2027: Rates, Mandates, and Compliance Updates

How to Identify ‘Ordinarily Processed’ Products for VAT Calculation under New Regulations

EU Seeks Feedback on Revising VAT E-Invoicing Rules for Harmonization and Interoperability

Norway Proposes Mandatory Digital Bookkeeping and E-Invoicing to Modernize Business and Financial Regulation

Dutch Parliament Criticizes New VAT System, But Halting Project Deemed Too Disruptive

Updated VAT Guidance: 5% Rate for Medical Devices, Including Robotic Surgery Instruments

Incoterms and EU VAT: Essential Rules for Accurate Cross-Border Trade Compliance

Sole Proprietorships and KSeF: Are Individual Entrepreneurs Required to Use the E-Invoicing System?

VAT Codes for 10% Rate on Food Products Updated Effective July 2026 in Russia

Claiming VAT Input Tax Without a VAT Invoice: HMRC Guidance on Alternative Evidence and Special Cases

Denmark Replaces OIOUBL with Peppol BIS 4 as Sole E-Invoicing Standard

Netherlands Plans Mandatory Domestic B2B E-Invoicing via Peppol, Draft Law Expected Late 2026

Netherlands Outsources VAT System to U.S. Firm, Raising Digital and Fiscal Sovereignty Concerns

NDP’s 60-Day VAT Cut Promise Confirmed by Party Records, Contradicting Minister’s Denial

Cross-Party Group Begins Talks on Consumption Tax Cut, Aims for Interim Report by Summer

Missouri and Other GOP States Shift Tax Burden From Income to Sales Taxes, Sparking Debate

Key VAT Act Amendments: Definitions, Refunds, Related Parties, Electronic Notices, and VIDA Preparation

No Fines for New Small Businesses Entering VAT Scheme Until End of 2018

Spain Unveils €5 Billion Plan to Cut Energy VAT, Fuel Prices Amid Middle East Crisis

Karnataka AAR Allows ITC on Ancillary Expenses for Used Vehicles Sold Under Margin Scheme

ISD Credit Distribution Allowed Only After ITC Eligibility Under Section 16, Rules Madras High Court

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