A new standard VAT return, which can cut costs for EU businesses by up to €15 billion a year, has been proposed by the Commission on 23 October. The proposal still needs to be adopted by the Member States, and if everything goes well will go live on 1 January 2017.Read More »
Tag: EU
Tour Operators Margin Scheme (TOMS)
The European Court of Justice published its judgement in an infringement procedure where the EU Commission brought several EU Member States to the Court for failure to comply with their obligations under the EU VAT Directive.
The actions relate to the special scheme for travel agents which is commonly referred to as TOMS (Tour Operators Margin Scheme) and which is relevant from an EU-wide VAT perspective. There has been some uncertainty Read More »
WebCast in relation to European Commission Update
PwC organises a webcast on the major issues in the EU VAT system being worked upon by the Commission, the time frames, the impact of the proposals (and the infraction proceedings) and in particular what business should be doing to help move the Commission’s agenda forward and to use EU law themselves to ensure the correct application of the existing VAT system.Read More »
VAT Identification number within EU
The VAT identification number in the European Union (EU) is:
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the proof of entrepreneurship within the single market
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a formal requirement for intra-community supply of goods
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the formal requirement for the tax exemption of certain cross-border turnovers within the EU
- in general, also a feature of national invoices in the meantimeRead More »
PwC Webcast in relation to European Commission Update
PwC organises a webcast on the major issues in the EU VAT system being worked upon by the Commission, the time frames, the impact of the proposals (and the infraction proceedings) and in particular what business should be doing to help move the Commission’s agenda forward and to use EU law themselves to ensure the correct application of the existing VAT system.Read More »
Supply of electronic services within the EU as from 2015
Under the current EU law suppliers, who are not established within the EU, providing electronic services to non VAT registered customers (BtoC), have to account and pay VAT at the VAT rate of the member state in which the service recipient is domiciled. As from 2015 this rule will also apply to suppliers established within the EU which until 2015 can apply the VAT rate of the member state of their establishment.Read More »
Webcast in relation to the VAT implications of Croatia’s EU accession – 5 June 2013
Dear All
I already reported some of the potential VAT implications of Croatia’s upcoming EU accession on 1 July in my blog on 23 April 2013.
I am pleased to inform you that we organize a webcast on 5 June 2013 at 10:00AM (Swiss time) to discuss these implications in more detail.Read More »
Luxembourg – increase of VAT rate as from 2015
The Prime Minister announced in his speech on 10 of April 2013 that Luxembourg intends to increase the current standard VAT rate of 15% as from 2015. Which means no increase of VAT this and next calendar year. It was also indicated that the standard VAT rate would remain the lowest in Europe. This would mean that the rate might increase from 15% to 18% at most, as Cyprus and Malta currently have the second lowest VAT rate within the EU of 18%.
Croatia joins EU on the 1st of July 2013 – What does it mean for vessels?
From the 1st of July 2013 onwards, EU resident owners of vessels, which have been temporarily admitted to Croatia and do not have the customs status of Community goods anymore, have to file a customs declaration, pay customs duties and VAT in order to turn their vessels into EU goods.Read More »
France – fiscal representative for non EU companies
The changes introduced by the French Finance Bill 2012 include some welcomed simplification measures concerning the tax representation of non-EU companies in France. Until the end of 2012 appointing tax representatives was mandatory for non-EU companies for VAT registration, VAT compliance and for obtaining VAT refunds in France. As of 1 January 2013 using tax representatives for companies established outside the European Union, with which France has a legal mutual assistance agreement is no longer required. Read More »
Michaela Merz 