Italian statute of limitations reduced
Following the publication of Manovrina decree, the statute of limitations for VAT deduction in Italy has been reduced.
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Following the publication of Manovrina decree, the statute of limitations for VAT deduction in Italy has been reduced.
Despite announcements to postpone the implementation, the Spanish government have published plans to introduce real-time VAT reporting as from 1 July 2017.
The Spanish authorities are expected to allow individual extensions of the 1 July deadline on Spanish SII obligations. There are also important changes on the content and data requirements.
It is now possible to receive Spanish VAT refunds in a foreign bank account.
Last 26 December 2016, the EU Commission put forward a proposal to introduce a general reverse charge mechanism on domestic sales within each EU country.
Last year the Italian authorities announced plans to introduce quarterly VAT returns and quarterly invoice listings.
Hopefully, your business is already aware of the new Spanish real-time VAT reporting obligation.
The Swedish authorities will no longer allow unlimited deduction of VAT on hotel expenses.
The UK government recently launched a consultation on the use of split VAT payment system in the e-commerce industry.
The European Commission has granted approval to Italy to continue the use of anti VAT fraud split payments regime with state organizations.
The ECJ recently ruled a case concerning the right of public entities to charge VAT on road tolls.
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