VAT registration threshold

Netherlands has option to raise VAT registration threshold to €25,000

28 November 2022 in

VAT registration threshold

€25,000 threshold limit backed by European Commission until December 2024; but threshold remains €20,000 The European Commission has proposed to allow the Netherlands to raise its VAT registration threshold to €25,000. This applies only to resident businesses; non-residents generally must register once they provide their first

New Caledonia to simplify VAT rates

26 November 2022 in

New Caledonia

General Consumption Tax simplifications The South Pacific French territory of New Caledonia is to simplify its TGV regime – VAT. The changes will include: Consolidating the existing four rates (11% standard; 22% higher; 6% reduced; 3% super reduced) into three rates Lowering the VAT registration

UK Autumn Statement: 16,700 businesses drawn into VAT net as inflation soars

17 November 2022 in

Continued freezing of UK VAT registration threshold at £85,000 until April 2026 draws in 16,700 small businesses into tax net Today’s UK Autumn Statement (budget) will extend the VAT threshold at £85,000 for a further two years until at least April 2026. This means the

Trinidad & Tobago raises VAT registration threshold

3 October 2022 in

VAT registration threshold

2023 Budget hike VAT threshold and other measures The Caribbean islands state of Trinidad & Tobago is to increase its Value Added Tax registration threshold. It will increase from TT$500,000 to TT $600,000 (approx. €90,000) per annum. In addition, there are new VAT exemptions for

Lithuania raises VAT registration threshold

23 July 2022 in

Lithuania

Increase in resident VAT registration threshold for intra-community acquisitions of goods Lithuania is to increase the VAT registration threshold for resident businesses who are only acquiring goods from other member states under the reverse charge from €14,000 to €30,000. This will come into effect from

Bulgaria to increase VAT registration thresholds to BGN 100,000 – 2023

16 July 2022 in

Bulgaria

Doubling of annual threshold for VAT compliance from 1 January 2023 The Bulgarian parliament has agreed to double the annual VAT registration threshold from 1 January 2023. It will rise from the current BGN 50,000 (approx. €25,600) to BGN 100,000 (approx. €51,300). They estimate that

Czech confirms doubling of VAT registration threshold

29 June 2022 in

Czech

Doubling of the registration threshold to lift thousands of business out of the VAT net The Czechia government has put forward a Bill to double the VAT registration threshold from CZK 1 million to CZK 2 million (about €85,000) per annum. The Czech Republic was been

Czech to raise VAT registration threshold

20 May 2022 in

Czech

Doubling of the registration threshold to lift thousands of business out of the VAT net The Czech Republic (Czechia) has been given permission by the European Commission (and European Council) to raise its VAT registration threshold. It will increase from CZX 1 million to the

EU platform economy issues on full liability model – VAT in the Digital Age

11 May 2022 in

deemed supplier

Questions around marketplace deemed supplier obligation as part of VAT in the Digital EU review Following the ending of the public consultation of the EU VAT in the Digital reforms, a number of issues remain around the proposed full liability model being considered for the platform

2022 EU VAT registration and Intrastat thresholds

3 April 2022 in

VAT registration thresholds and Intrastat dispatches and arrivals The table below provides the latest European VAT registration thresholds for resident and non-resident (foreign) businesses, plus Intrastat reporting threshold. Note, the EU e-commerce distance selling thresholds were withdrawn on 1 July 2021. There were a number

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