Extension of usage of pdf invoices
The tax authorities have extended the admissibility of invoices in PDF format as electronic invoices until 30 June 2022. The facilitation measure had previously been extended to 31 December 2021.
The 2022 Intrastat supplementary declaration thresholds for goods moving between Northern Ireland and the EU will be £500k for arrivals (NI imports from the EU) and £250k for dispatches (NI exports to the EU). The current 2021 thresholds are £1.5m and £250k respectively. The delivery terms threshold will remain at £24m.
As part of the ‘DaziT’ transformation programme of the Swiss Federal Customs Authority, the IT landscape for customs processes will be renewed: The current IT systems ‘NCTS’ and ‘e-dec’ will be replaced by a new system ‘Passar’ within the next four years in phases.
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The Dutch tax authorities informed HollandBio (the interest group of biotech companies in the Netherlands) about the Dutch VAT treatment of Advanced Therapy Medicinal Products (ATMPs), such as cell and gene therapy and tissue engineered products. According to the Dutch tax authorities, Advanced Therapy Medicinal Products (ATMPs) qualify as medicines, which means that these products are subject to the reduced Dutch VAT rate of 9%. This is in line with European regulations, where ATMPs are regarded as medical products.
I would like to share with you further information regarding the plastic packaging tax to be introduced in Italy presumably in January 2022.
Non-reusable plastic packaging includes the one designed to contain, protect, manipulate, distribute and present merchandise containing plastic.
Changes to the mandatory business-to-business (B2B) electronic invoicing (“e-invoicing”) rules for transactions carried out with foreign business partners (i.e., taxpayers that are not resident or established in Italy and that do not have an Italian VAT number) will be effective as from 1 January 2022. Thus, Esterometro will be abolished and, consequently, all cross-border invoices (export, import, intra-community, etc.) will have to be sent to SDI on a transactional basis (i.e. the scope of mandatory e-invoicing will be extended).
A new reporting obligation will be implemented in Romania as of 2022 (i.e. the Standard Audit File for Tax („SAF-T”)). The obligation will arise for large taxpayers as of January 2022. In this respect, taxpayers should have the ERP ready for the SAF-T reporting in terms of ensuring the existence of the mandatory elements to be reported on the format requested by the tax authority as well as insert the potential missing data.
For further information or in case of any questions please contact Andreea Dereli, andreea.d.dereli@pwc.ch.
The plastic packaging tax (PPT) will come into effect in the UK on 1 April 2022. This means that for any business that imports into the UK, or manufactures in the UK, plastic packaging or products contained in plastic packaging will be liable to register for PPT and pay any tax due if they exceed the threshold of 10 tons of plastic packaging per annum.
PwC Switzerland ITX
Michaela Merz 