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VAT News 53/2018
„Making Tax Digital” – Great Britain requires digitalization of compliance processes as of 2019
The British Treasury’s “Making Tax Digital“ project introduces the digital filing of VAT returns. In future, VAT returns will have to be prepared without any manual work and will only be capable of being transmitted via a particular interface. The requirements will be tightened in three waves between April 2019 and April 2020. Taxable persons not established in the UK will be affected as from October 2019 and should now prepare accordingly. KMLZ offers a VAT returns filing service via software with a digital API. This API enables the digital data flow specifications to be fulfilled.
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VAT News 52/2018
ECJ on payment by instalments: No VAT advance payment by supplier
The current ECJ judgment in the legal case baumgarten sports & more GmbH is a welcome relief for taxable persons as regards transactions involving payment by instalments (ECJ, judgment of 29.11.2018 – C-548/17). Even if taxable persons are subject to taxation based on agreed consideration, they will, in the future, be able to avoid having to pay VAT en bloc to the tax office at the time the (first) supply is rendered. Therefore, under certain conditions, the supplying taxable person will no longer have to pre-finance VAT in the case of such transactions.
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VAT News 51/2018
"German Annual Tax Act 2018" passed. What will change regarding VAT from 1 Jan 2019?
The "German Annual Tax Act 2018" was passed by the Bundesrat on 23.11.2018. The following changes apply to VAT: Recording obligations and liability for electronic marketplaces are introduced. The law regulates, for the very first time, the taxation of vouchers. The definition of taxable amount is adapted to the VAT Directive. Finally, the Act contains three simplifications for electronic services, as well as for telecommunications and broadcasting services.
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