Michaela Merz


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UK – EU VAT refunds amended legislation in connection with Brexit


HMRC confirmed that the transitional legislation for EU VAT refunds under Part 20 of the VAT Regulations 1995 has been amended to reflect the change in Exit Day from 29 March 2019. The revised legislation was laid on 5 September 2019. You can access a copy of it from this link >

 

Image source: unsplash.com


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AUSTRIA: E-Commerce Package from January 2021


The e-commerce package shall enter into force from 1 January 2021. The goal is to better ensure taxation in the destination state. At the same time, the simplifications for businesses (One-Stop-Shop), which avoids a VAT registration in every destination Member State, shall be extended.

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US: United States proposes new tarifs on EU products in response to EU aircraft subsidies


United States proposes new tarifs on EU products in response to EU aircraft subsidies

The Trump Administration has identified the European Union as a new object of tariffs, releasing a list of proposed products that may be subjected to additional Section 301 tariffs in light of the EU’s subsidization of civil aircraft. Continue reading


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EU: Clinical Trials in Europe and VAT – a complex topic with 28 different local VAT regulations


In 2018, PwC Switzerland collected the data and organised for the set up of the PwC “VAT Guide to Clinical Trials in Europe”.

 The Guide to VAT for Clinical Trials in Europe aims at: 

• providing you a first high level overview of the regulations in 28 EU Member States
• helping you assess the VAT implications and reporting obligations (e.g. VAT registration obligation, VAT return, EC Sales Listing and Intrastat reporting)
• assisting you answering some questions related to the trends in the pharma sector for clinical trials and precision medicines. Continue reading


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EU: Agreement on new rules to tax digital companies’ revenues


EU ministers agreed on the need to establish a common corporate tax base in July 2013. The European Commission presented two directives: a directive establishing a common corporate tax base (CCTB), and a directive on a common consolidated corporate tax base (CCCTB). Both draft directives are still awaiting Council’s agreement. In its resolutions, the European Parliament strongly supported this major reform of corporate taxation and introduced the notion of “digital presence” that would enable member states to tax digital companies. Continue reading


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EU: VAT – Council adopts short-term fixes to current EU system


The EU VAT quick fixes seem to be closer. On 4 December 2018, the Council adopted three short legislative acts for their implementation on 1 January 2020.

The Council adopted three short legislative acts aimed at adjusting some of the EU’s VAT rules in order to fix four specific issues pending the introduction of a new VAT system. Continue reading


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UK: Live Brexit Webcast: An end to uncertainty?


I would like to invite you to a Brexit webcast we are holding on Monday 26 November at 14:00 UK time.  Our Brexit experts will give their insights into the current status of the Brexit process, provide reactions to the announcements at the EU Summit this weekend and discuss how businesses can prepare for Brexit. Please see the relevant details below. Continue reading