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Greece VAT rate increase

The standard rate of VAT in Greece increases from 23% to 24% with effect from 1st June 2016

 

Czech Republic VAT rate

The VAT rate on catering services in the Czech Republic will be reduced from 21% to 15% with effect from 1st December 2016

 

Portuguese VAT rate

The VAT rate on restaurant services in Portugal will decrease from 23% to 13% with effect from 1st July 2016

 

Norwegian VAT rate

The reduced VAT rate in Norway increases from 8% to 10% with effect from 1st January 2016

 

Austrian VAT on accomodation

The Austrian VAT rate on the rental of accomodation will increase from 10% to 13% with effect from 1st May 2016.

 

Austrian VAT rate increases

With effect from 1st January 2016 the reduced VAT rate of 10% will increase to 13% for internal flights, entry to certain events and the supply of agricultural products.

 

Romania VAT rate decrease

Romania will reduce its standard rate of VAT from 24% to 20% with effect from 1st January 2016 with a further reduction to 19% with effect from 1st January 2017

 

Italian VAT rate

The proposal to increase the Italian standard rate of VAT from 22% to 24% from 1st January 2016 has been postponed until 1st January 2017

 

Iceland VAT rate changes

With effect from 1st January 2015 the standard VAT rate in Iceland is 24%, previously 25.5%.
At the same time the reduced rate increased from 7% to 11%

 

Luxembourg VAT rate increase

The standard rate of VAT in Luxembourg increased from 15% to 17% on 1st January 2015. At the same time the reduced rates increased from 12% to 14% and from 6% to 8% respectively.

 

Proposed Portuguese VAT rate increase

A proposal has been made to increase the Portuguese standard VAT rate from 23% to 23.25% with effect from 1st January 2015

 

VAT refunds from Serbia

Businesses in a limited number of countries can now claim a refund of VAT paid in Serbia.

 

Slovenia VAT rate

The standard rate of VAT in Slovenia now stands at 22% with the main reduced rate at 9.5%

 

Cyprus VAT rate increase

The standard VAT rate in Cyprus now stands at 19% The reduced rates are now of 5% and 9%.

 

Czech Republic Latest VATrate increase

The standard rate of VAT in the Czech Republic has increased from 20% to 21% and the reduced VAT rate has also increased from 14% to 15%.

 

UK VAT registration limit for non-UK businesses

It is proposed that with effect from 1st December 2012 non-UK businesses must register for UK VAT if they make any supplies in the UK. This will mean that a foreign exhibitor at a trade show must register for UK VAT if selling goods from their stand, as would overseas companies making occasional sales in the UK. The draft proposal is available at http://bit.ly/xtoo0u   

 

EC Invoicing Directive

The European Commission has issued a set of explanatory notes ahead of implementation of the new Invoicing Directive (2010/45/EU) on 1 January 2013. The notes cover a number of important topics, such as which Member States rules will apply, e-invoicing and storage, and invoicing for exempt supplies. The notes are aimed at helping Member States transpose the new invoicing legislation in a more uniform way and providing business with the necessary information to adapt to the new rules in time. The notes are available at: http://bit.ly/mZbeGX

 

ECJ ruling on business establishment

The ECJ has held that a person’s personal residence should not normally be taken into account when deciding where a taxable person has established their business.

 

UK VAT registration limit

The UK tax authorities have launched a campaign to find businesses that have not registered for VAT even though their turnover exceeds the registration limit of £73,000 p. a.

 

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