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

HMRC initiated a technical consultation on the proposed new penalties for failure to pay tax, as outlined in the Schedule 26 to the Finance Act 2021 (Assessments) Regulations 2024. The consultation, set to conclude on June 10, 2024, seeks input on...

What happens on May 17 in the world? World Telecommunication and Information Society Day: Recognized globally on May 17, this day highlights the importance of communication technologies and their impact on society...

What happens on May 16 in the world? 1975: First Woman Climbs Mount Everest: On this day, the world witnessed the first woman climber to reach the summit of Mount Everest, the highest peak in the world. This historic...

Construction Welcome back to another edition of our VAT newsletter, where we’re about to embark on a journey through the intricate world where VAT and building intersect. So, grab your hard hats and let’s...

UK: Consultation Opens for Proposed Penalties on Late Tax Payments

Latest news

ecosio Webinar: Peppol for Dummies – Understanding the Basics (May 29)

VAT Exemption on Healthcare Items: Boosting Quality Medical Care in Ghana

EU Extends Tax Relief for Moldova to Boost Trade Relations (May 16, 2024)

Puerto Rico Grants SUT Exemption for Hurricane Prep: Circular Letter

Mandatory Electronic Invoicing in Zambia: Smart Invoice Implementation

Brazil VAT Reform 2026: Implications for Non-Resident Digital Service Providers & Platforms

Netherlands to Increase VAT Rates for Accommodation and Cultural Services in 2026

Dutch VAT Hike: Concerns Over Impact on Books, Concerts, and Theater Tickets

Understanding Sales Tax on Services in Wyoming

Colorado Enacts Temporary Reduction in State Sales Tax Rates for Large Revenue Surpluses

Reviewing Rental VAT and Adjustment Rules: A Step Towards Modernization and Efficiency.

Hopes fading for VAT recovery after ECJ ruling

VAT Grouping and Intragroup Transactions: A Critical Analysis of Case C-269/20 (Finanzamt T-I)

ECOFIN Council Fails to Approve ViDA Package Due to Disagreement on Deemed Supplier Rules

Slovakia Considers Temporarily Lowering VAT Rate for Gasoline and Diesel Fuels to 8%

Lithuania proposes reinstating reduced VAT rate for catering and takeaway food from July 2024.

Cyprus Extends 0% VAT on Food and Hygiene Products Until June 2024

Bulgaria Extends 0% VAT Rate for Bread and Flour Until December 31, 2024

EU Tax Reforms: Progress on Withholding Tax, Setback on VAT Update due to Estonian Veto

Simplified VAT One-Stop-Shop for EU E-commerce

Modernizing Tax Control: Virtual Fiscalization Solution for Businesses in Zimbabwe

Removal of VAT lower threshold relief opens up opportunities for internationally operating small businesses

Belgian push for updated ViDA European VAT reforms fails, but compromise on horizon

Tax Agency investigates over 400 gas stations for VAT fraud in ‘Fuel’ operation.

Digital Transmission of Business Tax Assessments via ELSTER to Support Municipal Digitalization

VAT in the Digital Age: Challenges and Opportunities for Taxation in the Digital Era

EU Commission Imposes Definitive Antidumping Duties on Certain PET Imports from China to Protect EU Industry and Jobs

Enhancing Customs Value Decisions: EU Regulations 2024/1072 and 2024/1071 for Clarity and Efficiency

Centralised Clearance for Import: Streamlining Import Customs Processing for Businesses in the EU

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