For the purpose of collecting statistical data, businesses must declare intra-Community exchanges in the Intrastat system on a monthly basis; Operators are exempted if the annual amount of their intra-Community exchanges does not exceed EUR 200,000 for arrivals and EUR 150,000 for dispatches.
Lara was very careful. She lived in the same house as her in-laws. Both were over 80 years old and belonged to the risk category. It was a two-family house with a garden. The parents-in-law lived on the ground floor and she herself lived on the first floor with her husband.
Lara war sehr vorsichtig. Sie wohnte in gleichem Haus wie ihre Schwiegereltern. Beide waren über 80 Jahre alt und gehörten der Risikokategorie an. Es war ein Zwei-Familienhaus mit Garten. Die Schwiegereltern wohnten im Parterre und sie selber mit ihrem Mann im 1. Stock.
Der Lockdown verursacht immense wirtschaftliche Schäden. Bereits jetzt schnellen die Arbeitslosenzahlen in die Höhe und insbesondere KMUs der Gastro- und Kulturbranche sind in der Existenz bedroht. Inwieweit können und sollten wirtschaftliche Aspekte in die Ausrichtung der Strategie zur Bewältigung der Coronakrise einfliessen?
Spanish Government has approved Royal Decree Law 14/2020, of 14 April 2020, which establishes an automatic extension of deadlines in case of SMEs (whose turnover volume has not exceeded 600,000 € in 2019) for the filing and payment of all tax returns (including VAT returns) with a deadline between 15 April and 20 May.
The UK tax authority, HMRC, has announced that businesses which will struggle to meet deferred import duty and import VAT payments due on 15 April can apply to defer those payments. HMRC will be available over the Easter holiday weekend to deal with those requests. Affected businesses are urged not to wait until Tuesday 14 April, as HMRC anticipates delays following the Bank Holiday.
Developing and enhancing your tax strategy requires experience and foresight in order to make the best decisions that can strategically move your business forward while ensuring the process to maintain tax compliance is ‘managed’. To help you better manage existing VAT compliance concerns and navigate new challenges, we are sharing our knowledge and best practice managing VAT compliance in today’s digital age.
Recently, the Authority for Advance Ruling (AAR) in the State of Rajasthan has ruled that consideration paid to the directors (in the form of salary and commission) by the applicant company will attract goods and services tax (GST) under reverse charge mechanism (RCM).