After nearly four years of discussion, the Economic and Financial Affairs Council (ECOFIN) approved a VAT rate reform. Under the new rules, EU Member States will be allowed to apply two reduced rates of at least 5% to 24 goods…
“One Return to rule them all, One Registration to find them, One Format to report them all and in the compliance bind them” – Just as the One Ring was one of the most powerful and desired artifacts ever created in Middle Earth, a single VAT return and a…
The United Kingdom has the biggest B2C e-commerce market in Europe. In 2019, UK consumers spent GBP 197.1 billion on online purchases. It is therefore not surprising that many EU online retailers rely on the UK market for their growth…
Implemented in Italy already in 2019, the invoice clearance model is slowly gaining popularity in Europe. France and Poland have already taken the first steps to introduce a mandatory e-invoicing system modelled after the Italian one and e-invoicing discussions have…
As from July 2021, all goods imported into the European Union will be subject to VAT. The exemption for the importation of consignments below EUR 22 will be abolished. Sellers shipping low-value goods to EU consumers will be able to…
In the corporate tax world, the relationship between a head office and its foreign branch is clear: the branch is considered a separate entity and should be attributed profits that it would earn if it was an independent company engaged…
On 5 February 2021, the Polish Ministry of Finance published a draft law and began a public consultation on the introduction of e-invoicing in business-to-business (B2B) transactions. The Polish e-invoicing system is modelled after the Italian one, which took effect…
E-retailers experienced a major disruption when the transitional period ended and the post-Brexit period began. The end of the transitional period meant that the EU VAT regime ceased to apply and EU-UK transactions started being governed by a new set…
In the area of VAT, the relationship between a head office and its foreign branches has always been a tricky one. Unlike in direct taxation where profits are attributed to a permanent establishment on the basis of a separate entity…
In recent months, national courts referred a number of cases to the Court of Justice of the European Union (CJEU), asking to provide more guidance of the concept of fixed establishment (FE). In Titanum vs. Austria (C-931/19), the question is whether an…