Cross-border VAT dispute system trialled across EU
HMRC in 13-nation cross-border VAT dispute resolution trial
HMRC in 13-nation cross-border VAT dispute resolution trial
A CROSS-BORDER VAT dispute resolution system is being trialled across 13 EU nations, including the UK.
The mechanism sees UK VAT-registered businesses expecting to be involved in cross-border transactions to one or more participating member states able to request a ruling from HM Revenue & Customs.
If the request is accepted, the member states will consult on the issue, although HMRC warned “there is no guarantee that they will agree on the correct VAT treatment of the situation envisaged”.
The nations involved in the trial are: Belgium; Estonia; Spain; France; Cyprus; Lithuania; Latvia; Malta; Hungary; Netherlands; Portugal; Slovenia; and the UK
The trial will be completed on 31 December.
In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...
View resourceIn recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...
View resourceIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceThe first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...
View resourceAs the Spring Budget approaches, dissenters of the UK government’s increasingly complex contractor legislation are baying for change. HMRC has already...
View articleWhile Rishi Sunak stands firm on his “sound money” values, appealing to the interests of businesses could be the route to the top job, experts argue R...
View articleStricter controls on VAT compliance is set to shut down the “colossal” VAT tax gap. Read More...
View articleThere has been a percentage increase in the number of claims made by companies, but more needs to be done Read More...
View articleThe Targeted Anti-Avoidance Rule was introduced to prevent individuals lowering their tax liability by converting what would otherwise be a dividend i...
View articleNearly two years after the UK voted to leave the European Union, it is still not totally clear what impact Brexit will have on Britain. However, one a...
View articleIn 2016-17, the average length of time to settle a tax investigation rose to 34 months, up from 31 months in 2015-16. The tax authority has also incre...
View articleThe EU is deeply divided over how to increase the tax take from tech giants such as Google, Apple and Amazon, who have recently come under fire for be...
View article