VATupdate

COVID-19 drives VAT changes

Back in March, during the early days of the COVID-19 pandemic, the EU’s European Commission recommended that member states offer a VAT holiday. The intention was to pass along savings to customers, with the expectation that the move would spur sales, as well as provide relief to taxpayers.

With Europe slowly reopening to commerce, it’s important for businesses to understand the changes that have taken place over the past quarter.

Source: way2vat.com

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