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Belgium proposes to modernise its VAT compliance system The Belgian Parliament published on 7th February 2023 a proposed bill to modernise the country’s VAT collection system with key changes to the processing of VAT returns and payments. From the introduction…

Spain to introduce B2B e-invoicing obligations As part of its “Crea y Crece” law, the Spanish Government is making e-invoicing mandatory for B2B supplies taxable in Spain. The obligation is expected to start applying from 2024 for large businesses with…

CESOP and payment service providers’ new reporting obligations from 2024 Starting in 2024, payment service providers facilitating cross-border payments in the EU will be compelled to transmit data on international payments originating from the EU to the upcoming Central Electronic…

Poland adopts new package of VAT simplifications referred to as SLIM VAT 3 The so-called SLIM VAT 3 package was adopted in Poland with the intention to further simplify and modernise VAT compliance in the country. SLIM, which stands for…

Australia introduces Sharing Economy Reporting Regime from 1 July 2023 Platform operators within the scope of the reporting obligations will need to start reporting eligible supplies made through their interface by sellers. First taxi services and short-term accommodation will become…

France transfers VAT registration-related formalities to the INPI portal On 1 January 2023, the French government transferred all VAT registration, changes of company details and deregistration requests to the online one-stop shop of the INPI, the French National Institute of…

Italy announces pre-filled annual VAT returns for certain taxpayers The Italian authorities have announced the introduction of pre-filled annual VAT returns for certain taxpayers from February 2023. With pre-filled tax declarations, the data is first made available real-time to the…

SimplyVAT.com’s Consultancy Team helps business claim €1m VAT refund  When the new schemes were introduced in 2021, some businesses may have found it difficult to decipher whether they were registering for the correct one. The MOSS expanded into the OSS…

Lithuania increases VAT fines from 1 May 2023 The Lithuanian government recently adopted changes which will increase the fines applicable to unreasonable VAT breaches. Taking effect as of 1 May 2023, VAT fines will be increased from a range of…

UK introduces a new penalty regime as of 1 January 2023 The new penalty regime works as a points-based system and applies to VAT accounting periods starting on or after 1 January 2023 only. This means that any VAT periods…