Tag: VAT News

HMRC extends Making Tax Digital ‘digital links’ deadline to 2021

1st April 2020: To ease the burden on businesses during the COVID-19 crisis, HMRC has confirmed that it is allowing more time for participants in MTD for VAT to implement digital links within their recordkeeping systems.

Mexico: Digital Services

30th March 2020: From 1 June 2020, Mexico plan to collect VAT at a rate of 16% on the sale of certain goods and services to cover digital services providers.

Hungary: Real Time Reporting

23rd March 2020: Hungarian authorities have recently announced some changes to the current real-time reporting data requirement.

Global VAT Updates relating to Covid-19

Updated 1st April 2020: Local tax authorities have begun to communicate simplification and deferment measures to help affected businesses

EU Quick Fixes: Call-off stock simplification

10 March 2020: As of 1 January 2020, EU businesses will no longer have to register for VAT in the recipient country if they are operating under call-off stock arrangements.

Poland: New VAT Matrix

28th February 2020: Starting from 1 April 2020, a new VAT matrix will be introduced in Poland and this is based on the VAT Law of 9 August 2019 amending the VAT Law of 11 March 2004.