Kosovo has reduced its VAT rate on hotel accommodation to 8%. This applies retrospectively from 7 December 2020 until 31 December 2021. Many other countries have reduced their tourism and hospitality rates since the start of the COVID-19 pandemic. These include: Germany, Austria, Belgium and
Mexico’s Servicio de Administración Tributaria, ‘SAT’ has provided some additional obligations for issuers of CFDI e-invoices. This is the regime introduced in 2011, now mandated for all most taxpayers. The two changes include: Additional discolsures of the nature of supplies on invoices and payment receipts. This
Italy is to allow EU businesses with an Italian VAT number to process a credit application through a new ‘direct refund procedure’. This follows a Court of Justice of the European Union decisions (C-323/12) of 6 February 2014 and (C-242/19) 11 June 2020 which upheld
The UK’s changes of e-commerce VAT rules on the 1 January 2021 made online UK and non-UK marketplaces (OMP’s) liable for certain seller transactions. HMRC also set basic record-keeping obligations for the marketplaces. The EU e-commerce VAT package , scheduled for 1 July 2021, uses similar rules.
From 1 January 2021, France raised the threshold for reclaiming the VAT on business gift expenditure. The threshold was increased from €69 to €73 per gift. The €69 limit was enacted at the start of 2016. Generally, tax authorities allow any business-related expenditure to be
The Tax and Customs Office of Portugal is to provide delays on VAT return and payment deadlines in recognition of the ongoing coronavirus economic and health crisis. In order number 133/2021-XXII, the deadline for submitting VAT returns in June (for April transactions) will be the
Ghana is proposing an additional 1% addition to its existing Value Added Tax rate to help manage the worsening COVID-19 government deficit. This new “Health Levy” will help with expenditure on vaccinations, health facilities and related emergency spend. It is scheduled to come into effect
COVID-19 hospitality VAT rate cut tapering extension The UK has extended the temporary Value Added Tax rate cut to 5% on hospitality and tourism until 30 September 2021. It will then rise to 12.5% until 30 April 2022. From 1 May 2022, it will return
The UK’s HMRC is set to go ahead with Phase 2 of Making Tax Digital for VAT on 1 April 2021. This will require UK VAT registered businesses over the UK VAT registration threshold of £85,000 to comply with three new requirements: Digital Bookkeeping; Digital
On the 11 March 2021, the ECJ ruled Danske Bank A/S, Danmark, Sverige Filial v. Sweden. The Dansk ECJ ruling confirmed that a Swedish branch of a Danish Bank, Danske, was a separate VAT body. This was because the Danish headquarters had opted to form a
