VATupdate

Central European Distribution Warehouses are booming with upcoming Brexit

With the UK leaving the European Union, businesses that are importing goods from the UK may want to look at customs warehousing possibilities. The authors Willem Veldhuizen and Ton Bendermacher have written an article on the customs procedures and...

UK reduces VAT on hospitality (food & non-alcoholic drinks) and tourism (accomodation & attractions) to 5% as of July 16, 2020 till Jan 12, 2021

The UK hospitality sector has been adversely affected by the Covid restrictions. An industry with 2 million employees has seen 1.4 million of them furloughed. To kickstart this from July 15 until January 12 next year VAT will be reduced from 20% to...

Flashback on ECJ/CJEU cases: GMAC UK (C589/12) – Interaction between Sixth VAT Directive and national law

CJEU GMAC UK judgment Cars sold, repossessed and resold publicly under a hire purchase agreement – Reduction of taxable amount – Direct effect Business case To what extent is a taxable person, in relation to two transactions concerning...

* click here if you have interesting news to share *

Latest news