UK – How to pay VAT due on time

As you will be aware, the UK Government’s VAT Deferral scheme has now ceased. This means that all payments in respect of UK VAT from 01 July 2020 will be required to be made by the relevant date.

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UK: Invitation PwC global customs and international trade Brexit webcast: 9 July 2020

With the continuing uncertainty over the possibility of an extension to the Brexit transition period beyond 31 December 2020, PwC UK is hosting a global webcast on Thursday 9 July 2020 at 3pm-4pm CET.

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India – Central Government further extends due dates for compliance, procedures and applications as a relief measure in view of COVID-19 pandemic

The Ministry of Law and Justice issued the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 (Ordinance) to introduce relief measures like extension of time limit for filing appeals, passing of order, issuance of notice etc considering the COVID-19 pandemic.

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A Guide to VAT/GST/SUT in the Americas 2020

This Indirect Tax Guidance of 21 Countries in the Americas shows the new updates and reforms from the following countries:

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Deutschland : Senkung der Umsatzsteuer und ihre Konsumwirksamkeit

“FACHFragen”, der neue Podcast des Handelsblatts Fachmedien, geht in die dritte Runde. Und aus aktuellem Anlass widmet sich die dritte Folge dem zweiten Corona-Steuerhilfegesetz. Dieses kommt inklusive Senkung der Umsatzsteuersätze in ganz großen Schritten. Die Debatte zu dieser Maßnahme wird emotional geführt und lässt neben großem Bürokratiemehraufwand Zweifel an der Konsumwirksamkeit aufkommen. Doch neben dieser Diskussion stellen sich auch ganz konkrete und praktische Fragen.Read More »

Poland – introduction of “sugar tax” has been postponed

New regulations
Introduction of a
new tax on selected food products (“Sugar Tax”) was forseen to come into force as of 1st of July 2020. Due to a political decision the introduction was postpone. Ne date is not known yet.

The tax will apply to entities introducing beverages with the addition of sweeteners, caffeine or taurine to the domestic market – with some exceptions. This regulations may affect producers, distributors and retailers.

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Germany – temporary reduction of value added tax rates from July 1, 2020 -webcast on Wednesday, 24 June 2020 12.30 pm to 2 pm German time

The German legislator has recently published a draft law reducing the German VAT rates for the second half of 2020 in order to cope with the consequences of the Covid-19 pandemic. According to the draft law, the standard VAT rate will be reduced from 19% to 16% and the reduced VAT rate from 7% to 5% in the period 1 July to 31 December 2020.

The Federal Ministry of Finance (BMF) has already published a draft decree dated 11 June 2020 on the temporary reduction and (re)increase of VAT rates. To date, it is not yet fully clear when a final version of the decree will be published. In many cases, the draft of the decree resembles in detail the BMF decree of 11 August 2006, which was issued at the time of the last standard VAT rate increase (on 1 January 2007) from 16% to 19%.

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EU – DAC 6 update

On 17 of June the EU Parliament voted – the last procedural hurdle for formal adoption by the ECOFIN Council in the next few days – regarding an option for E.U. Member States (including UK for these purposes) to defer the reporting deadlines for DAC6 by up to six months. The relevant details are as follows:

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Schweiz: Weiterentwicklung der Mehrwertsteuer in der digitalisierten und globalisierten Wirtschaft

Bern, 19.06.2020 – Der Bundesrat hat an seiner Sitzung vom 19. Juni 2020 die Vernehmlassung zur Teilrevision des Mehrwertsteuergesetzes eröffnet. Er schlägt unter anderem vor, Versandhandelsplattformen umfassend zu besteuern und Abrechnungen für KMU zu vereinfachen. Der Vorschlag setzt zudem weitere parlamentarische Vorstösse um.

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Austria – reduction of VAT rate to 5% from 1 July till 31 December for certain supplies

Finance Minister Blümel: reduced VAT rate introduced to support the gastronomy, culture and publishing sectors.

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