United Kingdom: New Penalty System to be Introduced in 2023
9th August: As of January 2023, new penalties will apply in cases of late submission of VAT returns or late payments of VAT liabilities.
9th August: As of January 2023, new penalties will apply in cases of late submission of VAT returns or late payments of VAT liabilities.
9th August: The Bulgarian National Revenue Agency (NRA) plans to implement the national standard for collecting accounting data.
9th August: The latest VAT rate announcements and VAT rates changes this month in Belgium and Romania.
9th August: Our Global VAT Guide provides you with an overview of VAT news from the past 4 weeks. Stay up to date with your VAT obligations.
18th July: In January 2022 it became optional for Polish businesses to use the electronic invoicing system – KSeF. The Ministry of Finance has postponed the mandate to January 2024. The European Union Council gave its authorisation on 17 June 2022.
8th July: E-invoicing of B2B and B2C transactions in Italy is mandatory for resident taxpayers from January 2019, however the changes from July 2022 will mean expanding the scope of their Exchange System (SDI – Sistema di Interscambio).