Following the end of the Brexit transition period from 1 January 2021, the UK has left the EU Customs Union. This means goods movements are subject to preferential tariffs subject to the conditions of the Trade and Cooperation Agreement terms signed on 24 December 2020.
The Baltic state of Latvia has moved the VAT return and payment from 20th to the 23rd of the month following the reporting period. Most businesses are on quarterly filing in Latvia unless they have intra-community supplies exceeding €50,000 per annum when they are on
Ukraine has introduced a new 14% reduced VAT rate from 1 March 2021. This is added to the existing standard VAT rate of 15% and the reduced rate of 7% on pharmaceuticals, and admission to cultural / cinema / sport etc and . The original
The Italian authorities have postponed the 2020 collections of its 3% Digital Services Tax from 16 February until 16 March 2021. The associated annual return is delayed until 30 April 2021. The turnover tax was introduced for the 2020 financial year is chargeable on income
Non-resident e-services VAT obligations from January 2022; change to quarterly reporting; marketplaces must register The Caucasus state of Armenia implemented Value Added Tax on non-resident providers of digital services on 25 November 2021. This followed the EU 2015 digital services VAT model, requiring VAT to
Following the ending of the UK’s Brexit transition period on 31 December 2021, the standard Value Added Tax return has undergone some minor changes. Updated VAT return to reflect leaving the EU This reflects the UK being outside of the EU VAT regime, meaning: Movements
Ongoing COVID-19 crisis means more support for hard-hit entertainment and hotels sectors Paraguay has rolled over for a second time the reduced Value Added Tax rates on tourism, catering, accommodation, tourist transport, tourist guide and event organization services. This will now be extended until 31
The UK’s second phase of Making Tax Digital comes into effect on 1 April 2021. This follows a 1-year delay, adding to the already provided 1 year ‘softlanding’ due to COVID-19. Phase 1 of MTD for VAT, using the API link to file a VAT
North Macedonia has introduced a third VAT rate of 10% from 1 January 2021. This will apply to hospitality, cafés, restaurants, and catering services. The current standard VAT rate is 18%, with a 5% reduced rate on basics. The new rate does not apply to
Easement on temporary movements of goods between NI and GB The UK’s HMRC has provided some additional import tax reliefs on the movement of goods between post-Brexit Northern Ireland (NI) and the rest of the UK (GB). Goods which are only making a temporary movement
