This content is from: Indirect Tax European banks call for EU to amend VAT payment data plan Despite the EU’s insistence that its plan to store and exchange electronic payment data is the ideal solution to combat VAT fraud, European banks say it is counter-productive and want it changed. By Patrick Wiseman November 19 2019
This content is from: Indirect Tax Modernising EU’s VIES is crucial to comply with VAT quick fixes Businesses will need to keep a log of validated VAT numbers when the EU ‘quick fixes’ legislation applies from January 1 2020 because the EU VAT Information Exchange System on the web (VIES) is not fit for use and req... By Jan Sanders November 18 2019
This content is from: Indirect Tax HMRC official says VAT simplification will be slow to implement HMRC’s Andrew Tucker has admitted that the authority’s assumptions over how businesses are managing their UK tax liabilities is not always correct, stressing the importance of evidence sessions. However, talks do not ... By Patrick Wiseman November 14 2019
This content is from: Global Early responses to the OECD set dividing lines The first responses to the OECD on its public consultation on the digital economy show divisions continue, with some calling for an expansion of the FAR analysis or reverting to the G24 plan. By Josh White November 14 2019
This content is from: United Kingdom Submissions open for the ITR European Tax Awards 2020 Companies, firms and individuals can now enter for the ITR European Tax Awards 2020. By Anjana Haines November 13 2019
This content is from: Indirect Tax Tobacco companies weigh up the challenges of excise taxes The tobacco industry is feeling empowered to manufacture more vapour products as governments are unable to tax smokeless and non-tobacco products at the same rates as traditional cigarettes. By Patrick Wiseman November 01 2019
This content is from: Indirect Tax Early UK election throws DST into uncertainty The UK government’s draft finance bill, which includes the digital services tax (DST) legislation, has been put on hold following a vote for an early general election. By Mattias Cruz Cano October 30 2019
This content is from: United Kingdom Johnson hits reset on the Brexit deal UK Prime Minister Boris Johnson has secured changes to the withdrawal agreement, giving taxpayers greater clarity on VAT and customs. However, doubts persist over whether the UK will pass the deal into law. By Patrick Wiseman October 22 2019
This content is from: Indirect Tax HMRC softens ‘digital link’ deadline for complex systems under MTD HMRC has extended digital link deadline under its Making Tax Digital (MTD) regime for companies with “complex or legacy IT systems”, where the existing timeframe is unachievable. By Mattias Cruz Cano October 21 2019
