May 2023 update: The EC has proposed ending the €150 VAT threshold on consignment stocks from March 2028. On 1 July 2021, the EU e-commerce package introduced the obligation to charge sales VAT at the point-of-sale on sales of goods consignments with an intrinsic value
The European Union member states have adopted changes to the data sharing rules to facilitate fraud detection around the new IOSS import VAT scheme which was implemented as part of the EU e-commerce VAT package on 1 July 2021. IOSS exempts consignments not exceeding €150
With the end of the Brexit transition period looming on 31 December 2020, it is important the UK and EU business prepare for the new border tax and declarations requirements. To complete declarations and tariff calculations, you will need to be able to identify commodity codes
Romania is to broaden its facility for using the reverse charge and postponed VAT accounting to avoid a cash payment of VAT on importation. The scheme will require an application for the existing deferred payment licence. Applicants must have a Romanian VAT number for at
Portugal is to enable importers to avoid the cash payment of import VAT by introducing deferred VAT from 1 March 2018. Traders will be able to report the import through their Portuguese VAT return and reclaim relief at the same time – thus removing the
