IN FRANCE, SELF-LIQUIDATED IMPORT VAT
From next January 1 in France the declaration and payment of VAT on import transactions and, in general, exit from a suspensive regime, will no longer take place on the customs declaration, but will be subject to self-liquidation; the obligation involves all taxable persons registered in that country.
EU COUNCIL GIVES GREEN LIGHT TO NEW VAT RATES
The Council reached agreement on Tuesday on a proposal for a directive aimed at updating the EU rules on VAT rates. The new rules reflect the current needs of the Member States and the current political objectives of the EU, which have changed considerably since the adoption of the old rules.
“QUICK FIXES”, ALSO ITALY ADAPTS
Pedetemptim, one step at a time, sentenced the Latin sages. And the national legislator applies this rule to the letter. Almost two years late, it adopts Directive (EU) 2018/1910 and closes the infringement procedure opened by the European Union. The “quick fixes” discipline is, finally, law.
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E-COMMERCE CHANGES CUSTOMS
And the day came. We will remember 1 July 2021 as the day on which e-commerce entered, with full rights, into customs law, bringing a new vision of international trade and bringing with it a necessary review of the related VAT legislation, illustrated by ADM precisely the last day available.
POSSIBLE NOT TO IDENTIFY YOURSELF FOR VAT PURPOSES IN THE UK
Vat identification in Great Britain is not necessary if the goods marketed in that country discount a rate of 0%; this also avoids the Union operators from complying with the accounting and tax obligations, provided for VAT declaration.
NEW VAT RULES, E-COMMERCE BECOMES EASY
The new VAT legislation for e-commerce, in force In the European Union from next July 1st, aims to make life easier for businesses selling goods online, while ensuring fairer conditions with similar companies resident outside the EU. (more…)