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EU VAT news – MarosaVAT

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  • Spanish VAT recovery of employee expenses under the SII

    You can now claim Spanish input VAT on employee expenses that were excluded from your VAT return following the implementation of the Spanish SII. Together with our local partner, we will process and convert those expenses into valid invoices that you can post in bulk into your system and include in your Spanish SII report and VAT return.. What was the problem with recovery of employee expenses? The Spanish SII requires all transactions to be reported individually. Even employee expenses...
    • By Pedro MAROSAVAT
    • Published 07/06/2018 23:36
  • VAT recovery in Finland. New guidelines on certain expenses

    The tax authorities published guidelines on VAT recovery in Finland regarding marketing and entertainment expenses. As a general rule, input VAT on marketing expenses is deductible in Finland. However, VAT incurred on entertainment expenses is not deductible.   These guidelines, published in Swedish and Finnish, provide more details about the differences between entertainment and marketing expenses, including examples and clear explanations about these differences. You can download the guidelines from the website of the Finnish tax authorities.    Recovering VAT...
    • By Marosa VAT
    • Published 08/05/2018 14:34
  • UK tax authorities start a consultation phase on split VAT payment

    After having published the responses to the call of evidence regarding alternative method of VAT collection,  HMRC has launched a new consultation phase about the split VAT payment mechanism. This initiative intends to evaluate the possible implementation of an alternative VAT collection mechanism aimed at reducing VAT fraud. What is the VAT split payment mechanism? Under the usual rules of VAT, the supplier issues an invoice for the net and VAT amount to the customer; the customer will pay the...
    • By Marosa VAT
    • Published 08/05/2018 14:33
  • Portugal delays Annual Accounting SAF-T file

    The Portuguese tax authorities recently announced a delay on the obligation to providing an annual accounting SAF-T file. This obligation has been postponed for one year, hence the next Annual accounting SAF-T would only be requested in 2019 covering the accounting period of 2018.   This delay is due to expected updates on the Portuguese accounting regulations, particularly about the IES obligations. The official notice issued by the authorities is available at the website of the Portuguese tax authorities .   Portuguese SAF-T....
    • By Marosa VAT
    • Published 08/05/2018 14:32
  • Finland postpones accounting for import VAT

    As from last January, import VAT in Finland is reverse charged in the VAT return instead of pre-paid at customs. As a general rule, most countries require VAT to be paid at Customs before goods coming from a non-EU country that qualify as imports enter the EU territory. This VAT will be paid together with customs duties and tariffs, which are not deductible. Once the importer submits the VAT return, import VAT would be deducted and only when the amount...
    • By Marosa VAT
    • Published 08/05/2018 14:25