What can authorities do:
- Delay filing of VAT returns, EC Sales Listing and other VAT reporting
- Delay payment of VAT
- Delay upcoming legislative changes
- Faster repayment of VAT receivables
- Allow flexibility for VAT adjustments on bad debts
- Cut VAT rates on selected products and services
- Allow paper invoices to be sent via e-mail/pdf
- Allow VAT deduction based on pdf
- Flexibility on VAT deduction of destroyed goods
- Flexibility on VAT deduction on cancelled events
- No VAT adjustment on capita goods tenporarily used to fight the virus
- Ensure fast handling of VAT registration requests
- No interest and penalties charged in case of late filing of VAT reports and VAT payments
- Postpone VAT audits
- … it is time to roll-out pan-European E-invoicing standardized model
Anything else?
VAT measures Coronavirus – Overview Europe (Updated March 15)
For global overview – see How does the Coronavirus impact the VAT/GST world?
