EU VAT rules

New EU VAT rules on e-commerce

New EU VAT rules on e-commerce come into effect on 1 July 2021. Here we summarise the changes and the actions business should take to prepare for them.

7 November 2020| CATEGORIES: e-Commerce, VAT

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Ireland flag

Ireland: Temporary VAT rate cut

Ireland has unveiled a Stimulus Plan of tax, loan and spending measures designed to boost the country’s economic recovery from the COVID-19 crisis. The Plan includes a temporary reduction in the Irish standard rate of VAT from 23% to 21%.

5 August 2020| CATEGORIES: Covid measures, VAT rates

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VAT rate cut hospitality

UK temporary VAT rate cut for the hospitality and tourism sectors

The UK has implemented a temporary VAT rate cut from 20% to 5% for the hospitality and tourism sectors following the coronavirus crisis, to apply until 12 January 2021. UPDATE: Since this VAT alert was published, the 5% temporary VAT rate was extended to 30 September 2021. In addition, from 1 October 2021 a new temporary reduced VAT rate of 12.5% was introduced (see our blog article "New VAT rate for hospitality and tourism with effect from 1 October 2021" for further information).

15 July 2020| CATEGORIES: Covid measures, VAT rates

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German Parliament

Germany post Covid-19 Stimulus Plan: Temporary VAT rate cuts

Germany has unveiled a €130bn package of tax and spending measures designed to boost the country’s economic recovery from the coronavirus crisis. The package includes a plan to temporarily reduce German VAT rates.

5 June 2020| CATEGORIES: VAT rates

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Norway 3:2

Norway: VAT on Business-to-Consumer (B2C) Low Value Imported Goods

In April 2020, the VAT exemption for imported goods costing NOK 350 or less (approximately EUR 30 / USD 35) supplied by foreign businesses to consumers in Norway was abolished. Most B2C imported goods with a value below NOK 3,000 (approximately EUR 270/ USD 300) are now liable for Norwegian VAT, payable by the supplier.

9 April 2020| CATEGORIES: GST, Low value imported goods

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New Zealand 3:2

New Zealand: Goods and Services Tax (GST) on B2C Low Value Imported Goods

From 1 December 2019, low value goods costing NZD 1,000 or less supplied by overseas businesses to New Zealand consumers (known as “distantly taxable goods”) will be treated as supplied in New Zealand and subject to New Zealand Goods and Services Tax (GST). Read our tax alert for a summary of the changes.

22 October 2019| CATEGORIES: GST, Low value imported goods

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German lorry

VAT: 2020 QUICK FIXES – CHAIN TRANSACTIONS

The EU “quick fixes” package relating to cross-border trade will come into effect from 1 January 2020. Here we provide an overview of the chain transaction quick fix and highlight what businesses need to be doing to prepare for the new rules.

10 October 2019| CATEGORIES: 2020 Quick Fixes, VAT

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Lorries

VAT: 2020 QUICK FIXES – CALL-OFF STOCK

The EU “quick fixes” package relating to cross-border trade will come into effect from 1 January 2020. Here we provide an overview of the call-off stock quick fix and highlight what businesses need to be doing to prepare for the new rules.

7 October 2019| CATEGORIES: 2020 Quick Fixes, VAT

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Shipping containers

VAT: 2020 QUICK FIXES – CUSTOMER VAT IDENTIFICATION NUMBER

The EU “quick fixes” package relating to cross-border trade will come into effect from 1 January 2020. Here we provide an overview of the quick fix relating to the requirement to obtain a customer’s VAT identification number.

7 October 2019| CATEGORIES: 2020 Quick Fixes, VAT

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Freight trains

VAT: 2020 QUICK FIXES – PROOF OF TRANSPORT

The EU “quick fixes” package relating to cross-border trade will come into effect from 1 January 2020. Here we provide an overview of the proof of transport quick fix and highlight how businesses can prepare for the new rules.

7 October 2019| CATEGORIES: 2020 Quick Fixes, VAT

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