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?
Now the coronavirus is spreading around the world, the first priority is people’s well-being. But the economic impact of the measures the government is taking in order to contain the virus from spreading further, is also considerable.
I am delighted to invite you to the next in the series of global webcasts on “Middle East VAT Challenges in the New Decade for non-residents providing inbound professional, e-commerce and digital services” on Monday 10 February 2020.
Date: Wednesday, 27 November 2019
Time: 2pm to 3pm CET
How are the recent changes in EU legislation affecting international trade? With more EU countries following EU legislation in their practice, non-EU companies can no longer act as the exporter for customs purposes. This is making it more complicated for entities not established in the European Union – including Swiss principal companies − to deal with their customs processes in the EU. On the other hand, from a VAT perspective they can be still the entity that takes care of the VAT exemption export and has to verify it later on.Read More »