European UnionUncategorized European Union – New VAT rules to be applied to online businesses 17 January 201821 views1 min read via 2018 January | VAT Systems – http://www.vatsystems.eu/2018/01/ As of 1 July 2018, there is an optional split payment mechanism for recipients, which entitles taxable persons receiving an invoice with VAT amount to pay the net invoice amount into a standard bank account and the VAT amount to the VAT account. Italy: Extension of the scope of e-invoicing, as of 1 January 2019, for all B2B and B2C supplies of goods and services between established or VAT registered entities
