Following an outcry from MPs, HMRC had to remove its Benefit in Kind section from it’s updated Guidance.
All COVID-19 News & Updates
The Irish Tax authorities will be allowing a temporary VAT Rate cut from 23% to 21% between 1 September 2020 to 28 February 2021 as part of their July stimulus package announcement.
Country-by-country breakdown of the tax changes being made globally to ease the stress that the Coronavirus is putting on the global economy.
The Netherlands will not be following their neighbouring countries, Belgium and Germany in granting VAT rate cuts to stimulate the economy against the pandemic.
Chancellor Rishi Sunak announced today (8 July) in his summer statement that he will be cut VAT from 20% to 5% for parts of the hospitality sector.
In light of HMRC’s extension of Making Tax Digital Phase II roll-out, we have outlined key aspects of making tax digital and the digital links required.
An account of an unprecedented VAT deadline from the COO of VAT IT Reclaim – Foreign.
The Lithuanian Tax authority will allow for an extension of the 13th Directive deadline originally set at 30 June 2020 to 30 September 2020.
The Serbian VAT Authority have extended the 13th Directive deadline (originally set at 30 June 2020) by 3 months.
Germany has slashed its VAT rates in a bid to increase consumer demand and stimulate the economy
The Czech Republic will not be providing an extension on the 13th Directive deadline for Non-European businesses, however it will allow for VAT refund submissions to be sent through electronically.
Slovakia becomes one of very few European Members offering ane extension or late VAT submissions to third countries via the 13th Directive mechanism.
The extension has been granted as a result of the COVID-19 pandemic and hopes to ease the pressure off non-European businesses who may be struggling to ready their claims for submission while working remotely and in isolation.
The German VAT authorities confirmed this week that although they will not be providing an official extension to the 13th Directive VAT deadline, they will allow some easements on late refund applications.
The new VAT rate will come into effect from 1 July 2020 and businesses both within Saudi Arabia and abroad will need to adjust invoicing, filing and tax compliance procedures.
The European Commission released a statement on Friday 7th May that it proposes to postpone the entries into force of two EU taxation measures. The EU commission hopes this will ease the pressure off businesses and member states that are facing bigger challenges in the midst of the Coronavirus crisis.
All non-European businesses must continue to prepare their cross-border VAT claims.
The French VAT authorities have announced that the 13th Directive VAT deadline will be extended from the 30th June 2020 to the 30th September 2020.
For more information about VAT and COVID-19 contact us