The Blog

IOSS Validation Issues at EU Customs

Since it's release on 1st July 2021 the EU Import One Stop Shop has not been without it's issues. IOSS was released as a simplification scheme to help businesses sell to the EU much easier from non-European countries by charging destination VAT on distance sales of...

EU ViDA Pillar Delays 2027-35

The EU's VAT in the Digital age (ViDA) 3-pillared VAT reforms should receive the finance ministers final political agreement at the 14th May ECOFIN. We delve into the changes expecting confirmation and which proposals have been delayed by more than 2.5 years!  ...

UK Compulsory VAT Registration Threshold Increased

UK Mandatory VAT registration Threshold The UK's current VAT threshold of £85,000 per annum is set to rise on 1st April 2024 to £90,000. The Chancellor initially wanted to hold the rise until April 2026 however the spike in inflation has caused many SME's to breach...

EU VAT Rate Increases for 2024

Coming into affect from January 1st 2024 there are a number of increases to EU VAT rates. Our table below summarises the changes. Country VAT Rate upto December 31st 2023 VAT Rate after January 1st 2024 Estonia 20% 22% Switzerland 7.7% 8.1% Switzerland 3.7% 3.8%...

Irish VAT Registration Threshold Increase

From 2024, it has been proposed that the threshold for mandatory registration for VAT of resident business’ will increase from the current values of €37,500 for services and €75,000 for goods to €40,000 for services and €80,000 for goods. These changes are due to come...

HMRC Changes for VAT Registrations

Currently when a company wishes to register for UK VAT through HMRC, they have the option to register online through the government website, or to complete a VAT1 form and post this to HMRC. From mid-November 2023, HMRC are going to remove the option to complete the...

The Netherlands Import VAT – Article 23 Permit

Why do I need an Article 23 Permit? By using the reverse charge mechanism when importing goods, it means that the VAT on the import is not required to be paid immediately. Instead, the import is reported on the VAT return and claimed back in one reporting procedure...

Reduced VAT Rates in Portugal Extended

It has been announced by the Portuguese government that the current zero VAT rating of essential food products is to be extended, originally due to end in October, now to run to the end of December 2023. Originally coming into force in April 2023, the list of included...

2023 Changes to Italian VAT Procedures

It has been announced that the Italian Parliament has approved a number of reforms to the Italian VAT system, which aim to modernize the current tax regime as well as making VAT compliance easier. They have also extended their temporary cut to the VAT rate on domestic...

VAT Reclaim by the Eighth Directive

For companies established within the EU the use of Directive 2008/9/EC, or the Eighth Directive, follows a standardised procedure across all EU countries to allow them to claim VAT back from other member states where VAT has been paid but they are not VAT registered....

VAT Reclaim by the Thirteenth Directive

The use of the EU Directive 86/560/EEC, commonly referred to as the thirteenth directive, allows for companies based outside of the EU that are not registered for VAT in a certain EU country, to be able to recover VAT paid. In order to qualify to reclaim thorough the...

Date Change for French Mandatory E-invoicing Roll Out

Following the proposed reforms of Vat in the Digital Age (ViDA), the French authorities have responded to concerns raised by businesses and software companies about the proposed time line of July 2024. This follows Germany’s delay, moving their date to 2026, which...

EU VAT – The Reverse Charge Mechanism

What is Reverse Charge, and how does it work? The reverse charge mechanism is a reason why an invoice may not include VAT on a sale or purchase between two businesses, providing they both have VAT numbers. As a rule, this mechanism allows for the supplier to not...

EU VAT – The Triangulation Simplification

What is Triangulation: By using the simplification method of triangulation, it eases the transaction of sending goods between three companies based in three member states. The transaction consists of two layers; the invoice flow, and flow of goods. The invoice flow...

Understanding Incoterms

International Commercial Terms – or Incoterms for short – are standard around the world, and were published by the International Chamber of Commerce (ICC) in order to prevent confusion during trades when setting out the obligations of buyers and sellers globally. A...

Intra-Community Supplies

What are Intra-community Supplies Intra-community supply and acquisition are the names given when goods are sold and transported from one EU country to another, where both seller and buyer are VAT registered in different EU countries. This triggers two transaction, an...

Intra-Community Supply and Acquisition

What are Intra-community Supplies Intra-community supply and acquisition are the names given when goods are sold and transported from one EU country to another, where both seller and buyer are VAT registered in different EU countries. This triggers two transaction, an...

VAT in the Digital Age – Proposed Reforms

In December 2022 the European Commission (EC) published its proposals for VAT reforms under the ‘VAT in the Digital Age’ (ViDA) system. These proposals are due to come into place from January 2024, finally all being used in practice by 2028. Although these are yet to...

Intrastat Change of Thresholds 2023

What Is Intrastat?Intrastate is the data collection system used for collecting statistics on the trade of goods between companies in two EU member states (B2B Sales).Intrastat returns are due to be filed in a member state, when the value of goods sold or purchased by...

Annual German VAT Return Extensions

Following on from Covid-19, the German Tax Office have extended the due dates for Annual Returns due between 2020 and 2025. These dates vary depending if the company is Tax Advised. Previously, the annual return would be due by 31st July of the following year, however...

Does My Business Need an EORI Number?

What is An EORI Number? An EORI Number, Economic Operators Registration and Identification number, is an identification number used in all customs procedures, giving a common type of identification number across the EU used to exchange information with Customs...

NEW French CA3 VAT Return

The way the French VAT return is completed is changing, from the 1st January 2022 there will be additional boxes on the VAT return and a change to various lines on the CA3 return. Import VAT will automatically be deferred to the VAT return and the CA3 will be...

Import One Stop Shop (IOSS) FAQs

Following the introduction of the new EU VAT rules on 1st July 2021, we have compiled answers to the most commonly asked questions about the new IOSS scheme in order to help you understand your VAT obligations so you remain compliant.   What is IOSS? IOSS is a scheme...

NEW Mandatory Import VAT Reverse-charge in France

Mandatory French Reverse Charge for Import VAT From 1st January 2022, all VAT on imports to France will be deferred and reported in your VAT return. × Dismiss alert From 1st January 2022, the French tax administration have announced that ALL import VAT will be...

Using the EU One Stop Shop from Northern Ireland

What is the One Stop Shop? The one stop shop is a new EU scheme which came into place from the 1st July 2021. The one stop shop is a simplification scheme allowing businesses to register and charge the destination VAT of the relevant EU country and reduce the need for...

Amazon EU Responsible Person Requirement for UK Sellers

There have been a number of changes affecting British businesses over the last 10 months caused as a result of Brexit. Pursuant to the new Market Surveillance Regulation (EU) 2019/1020 a new law was introduced that British businesses must now appoint an EU responsible...

French Tax Regimes

IS, IR, simplified réel, normal réel Tax Regimes There are a number of taxes in France relating to corporate and income tax and VAT regimes. In this article we break down each type of tax in France and how to operate under these regimes. When you are running your own...

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