News - VAT
Every day we hear a story that helps change the shared services landscape. Keep up to date with what's going on locally to you and around the world by checking back on this news section regularly.
New VAT rules to make life easier
Anna Bowsher | News item | 24 December 2012
From 1st January 2013, new EU VAT rules enter into effect, which will make life much simpler for businesses across Europe.
Guidance issued by HM Revenue and Customs on shared services exempt from VAT
Sarah Feurey | News item | 30 August 2012
HM Revenue and Customs has published final guidance on how charities can use an exemption that will allow them to share services without incurring VAT costs
European Commission launches tool to combat VAT fraud
Anna Bowsher | News item | 22 August 2012
The European Commission has put in place a new tool to combat VAT fraud among EU member states
UKeAG questions HMRC’s guidance on electronic invoicing compliancy
Anna Bowsher | News item | 25 July 2012
The UK e-invoicing advocacy (UKeAG), the UK National forum on e-invoicing, has criticised HMRC’s interpretation of the European Commission Directive 2010/45/EU.
The European Commission seeks members for the VAT Expert Group
Anna Bowsher | News item | 6 July 2012
The European Commission is calling for applications from individuals and organisations looking to become members of its new VAT Expert Group
European Commission calls on Germany to change its rules on VAT
Susie West | News item | 29 February 2012
The European Commission has officially asked Germany to change its VAT rules with regards to the application of a reduced VAT rate to the supply of works of art and collectors' items. Germany's current rules are incompatible with EU law.
Taxation: developing the One Stop Shop for cross-border VAT compliance
Susie West | News item | 17 January 2012
The complexity of the current EU VAT system is an obstacle to doing business in the Single Market. The One Stop Shop will greatly facilitate cross-border expansion of European start ups. This in turn will help to generate growth and jobs
Hungary has the highest VAT in the EU
Monica Mina | News item | 4 January 2012
Value-added tax rate in Hungary has been hiked from 25 percent to 27 percent.
Increase of “reduced VAT rate” in France
Matthew Garrow-Fisher | News item | 21 December 2011
The “reduced VAT rate” in France will be increased from 5.5% to 7% and will be effective from 1 January 2012.
VAT changes confirmed for 2012 in Bulgaria
Susie West | News item | 15 December 2011
The Bulgarian Parliament has passed legislation that would amend the value added tax from 1 January 2012.
