As you know, the EU and UK reached a Brexit deal on the 24th of December 2020.
This deal does not mean “business as usual”. UK is no longer a part of the EU customs union which means that customs declarations needs to be filed when importing and exporting goods both in UK as well as the EU.
In a decree dated 22 December 2020, the German Federal Ministry of Finance (Bundesministerium der Finanzen, or BMF) has published the forms for the 2021 preliminary VAT returns (Umsatzsteuer-Voranmeldung, UStVA).
We have given up many things dear to us this year. We have struggled. We have missed the light at the end of the tunnel. We have been afraid. We were in despair. We sank into gloomy thoughts. We lost many things. We helped. We showed solidarity.
Some were very solidary and some very selfish. As is always the case in normal lives. But this year it was not a normal life.
Read More »Wir haben dieses Jahr auf vieles, was uns lieb ist, verzichtet. Wir haben gekämpft. Wir haben das Licht am Ende des Tunnels vermisst. Wir haben uns gefürchtet. Wir waren verzweifelt. Wir versanken in düsteren Gedanken. Wir haben vieles verloren. Wir haben geholfen. Wir haben uns solidarisiert.
Einige waren sehr solidarisch und einige sehr egoistisch. So wie das in normalen Leben immer der Fall ist. Nur es war dieses Jahr kein normales Leben.
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Due to COVID-19, the Austrian tax authorities have granted very generous deferrals of payments for all types of taxation. So far, tax payments that were booked on the tax account until the end of September, are generally deferred until 15 January 2021.
Due to the ongoing economic disruption and the expected inability to balance the tax liability by that date, the rules are amended as follows:
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The trip to visit my mother has involved extensive strategic planning. She lives less than 800 km from where I live. It’s the same continent and my car makes the trip on one tank of petrol (which is also the main reason why I can’t have an e-car). The plane ticket costs a ridiculous amount and can be booked at short notice, but I can’t fly. The risk of infection is simply too big, and my mother will soon be 80 years old. That’s why I’m forced to drive, even on long journeys.
Die Reise, um meine Mutter zu besuchen, hat eine ausgiebige strategische Planung vorausgesetzt. Sie wohnt nicht einmal 800 km von dem Ort entfernt, wo ich wohne. Es ist der gleiche Kontinent und mein Auto schafft den Weg mit einer Tankfüllung (das ist auch der Hauptgrund warum ich kein E-Mobil haben kann). Das Flugticket kostet ein lächerlicher Betrag und lässt sich kurzfristig buchen, aber ich kann nicht fliegen. Das Risiko einer Ansteckung ist schlicht zu gross und meine Mutter ist bald 80 Jahre alt. Darum bin ich gezwungenermassen ein Autofahrer, auch auf langen Strecken.
I was used to each end of calendar year bringing also the end of certain tax periods. When I was working with my clients on their risk registers and update them at the end of year there was certainty. One period lapsed. Nonetheless, I understood that due to the COVID-19 pandemic period, the statute of limitation was suspended and thus extended in certain countries.
I would like to briefly draw your attention to the EU Exit Transition: Switzerland webpage, which the British administration has launched on the government site. It bundles information relevant for Switzerland and links to a number of topics.
General content on the end of the transition period can be found here: Brexit transition: time is running out.
Image source: http://unsplash.com
Dear readers
The christmas break is coming closer and there is still a lot to do. Therefore, I will tell you my story on Monday.
Have a great weekend
Michaela
PwC Switzerland ITX
Michaela Merz 