UK – recovery of VAT for the period 1 of July 2019 to 30 of June 2020


HMRC has published a Revenue and Customs brief on 1st July confirming that businesses have been given a further 6 months to submit a valid certificate of status for the prescribed year 1 July 2019 to 30 June 2020.

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UK: recovery of UK VAT (13th Directive claim) for non established non registered foreign businesses


The “Revenue and Customs Brief 20 (2020): repayment of VAT to overseas businesses not established in the EU and not VAT registered in the UK” has been published.

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RUSSIA: VAT recovery for export of services is possible as from July 1


The State Duma approved amendments to the Russian Tax Code (RTC) introducing the right for input VAT recovery in relation of export of many types of services. This is generally in line with the VAT principles in many other countries. Read More »

Germany: Ministry of Finance publishes a new Decree on VAT grouping and input VAT recovery for holdco’s


Please find attached a newsflash from our German colleagues regarding the new Decree on VAT grouping and input VAT recover for holdco’s:

The Decree will apply to VAT groups and holdcos from  31 December 2018, but local tax authorities have the authority to allow an earlier application with explicit reference to the Decree for all transactions performed (it is not allowed to single out transactions from the application). Read More »

UK – HMRC publish internal guidance on VAT recovery by Holding Companies


I wanted to alert you to the final published guidance issued by HMRC on the VAT recovery of holding companies.  The final internal guidance has confirmed when VAT recovery on acquisition costs should be possible, which is in line with the previous transaction cost VAT advice provided by PwC.Read More »