The Brexit transition period ended on 31 December 2020 and companies have been operating in the new normal for more than a month now.
While many relevant practical questions for businesses remain open and still need to be resolved, companies should also not forget to consider longer timelines and develop holistic approaches.
How can companies take the opportunity presented by this change to develop competitive business models? How can they create value in the short, medium and long term? And what are the first steps to be taken in getting there?
23 February 2021 | 1pm –2pm GMT , 2pm – 3pm CET (Central Europe)
In January we hosted a global indirect tax webcast to discuss the UK EU Trade and Cooperation Agreement (TCA). Over 1200 businesses joined our webcast and we received more than 200 questions. We have continued to be inundated by questions on the TCA. This is clearly an area we are all grappling with and, whilst the TCA eliminates all customs duties on goods which originate in the UK or EU – representing the most extensive trade agreement on tariffs the EU has ever made, there are still almost as many unknowns as knowns! .Consequently we are delighted to invite you to the next in the series of global indirect tax webcasts : Brexit TCA Part 2!
Many territories are introducing low value goods rules which, depending on whether the seller is an underlying supplier, an electronic marketplace, a re-deliverer, or a combination of these will impact businesses selling goods cross borders.
On 13 July 2020, the UK Government published the Border Operating Model which provides guidance on how the customs border for trade between the EU and Great Britain will work following the end of the Brexit transition period of 31 December 2020.
I hope that despite the corona crisis, things are going well for you and your loved ones. I am posting this message to invite you to our webcast series Indirect Tax Technology: The Power of Digitalisation
As you may have seen, on 13 July 2020, the UK Government published the Border Operating Model which provides guidance on how the customs border for trade between the EU and Great Britain will work following the end of the Brexit transition period of 31 December 2020
The German legislator has recently published a draft law reducing the German VAT rates for the second half of 2020 in order to cope with the consequences of the Covid-19 pandemic. According to the draft law, the standard VAT rate will be reduced from 19% to 16% and the reduced VAT rate from 7% to 5% in the period 1 July to 31 December 2020.
The Federal Ministry of Finance (BMF) has already published a draft decree dated 11 June 2020 on the temporary reduction and (re)increase of VAT rates. To date, it is not yet fully clear when a final version of the decree will be published. In many cases, the draft of the decree resembles in detail the BMF decree of 11 August 2006, which was issued at the time of the last standard VAT rate increase (on 1 January 2007) from 16% to 19%.
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?