UK: Preparing for VAT rate changes

There is increasing speculation that the Chancellor will shortly announce changes to some of the UK VAT rates. Organisations need to consider the impact of this on sales, purchases, systems and pricing. The potential changes that are being most frequently reported...

Germany: Quick Fixes – Proof of intra-EU transport

Your company sells and dispatches goods from Germany and you always considered that the operations were qualifying as VAT exempt intra-EU supplies. Following the implementation of the Quick Fixes on 01/01/2020 and the related presumption regarding proof of transport,...

India: GST development milestones

GST is celebrating its 3rd Anniversary today. In the first three years, taxpayers were struggling with maze of amendments and clarification by way of Notifications, Circulars, Orders along with several litigations. Thus, it is becoming difficult to understand whether...

Italy Postpones Deadline for Certain Tax Payments

The deadline for payments of tax due resulting from relevant income tax returns, regional tax on productive activities (IRAP) returns and value added tax (VAT) returns has been extended from 30 June 2020 to 20 July 2020 for certain taxpayers. A 0.4% interest will then...