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EU – No agreement on reduced VAT rate for e-books and temporary reverse charge

On 16th June the Council of European Union failed to reach an agreement on two major topics, namely the application of a reduced VAT rate on e-books and a temporary application of the reverse charge mechanism to certain transactions.

The discussion on the e-books has been on the EU agenda for quite a long time. The result of the Council’s meeting came as a surprise, in particular following the recent vote taken by the European Parliament on 1st June 2017, endorsing the EU Commission proposal on this topic.'...'

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Romania – VAT reimbursement from 1st May 2017

Changes are to be made to speed up the reimbursement procedure for tax payers whilst maximising the use of tax administration resources – this only applies to reimbursement requests falling after 1st May 2017.

The procedure is as follows:

If registered for VAT purposes the individual can request through a submitted VAT return for the relevant reporting period. If not done at this stage the amount will be carried forward.'...'

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Greece joining 76 countries to prevent tax avoidance and double taxation.

Greece is amongst the 76 countries which have signed the ‘Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting” (BEPS).'...'

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UK - European Court of Justice decides the card game ‘Bridge’ is a sport and is subject to VAT

The European Court of Justice has created a ruling whereby the card game ‘Bridge’ and the alike should be classified as a sport. Despite it technically not being physically active it has been deemed a sport and therefore subject to VAT.'...'

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Italy  - New Director at Agenzia delle Entrate

Mr  Enrico Maria Ruffini, has recently been appointed as new director of the Italian Tax Office (Agenzia delle Entrate). He takes over from Mrs Rossella Orlandi, who covered that position over the last three years and was the first woman to be appointed for that role.‘…’

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Poland – Changes to Intrastat Dispatches

The Ministry of Finance has recently published new instructions for the filing of Intrastat Declarations in Poland.

In particular, the change relates to the dispatch declarations only starting from July 2017 tax period.‘…’

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Gibraltar stance on remote gambling tax - falters before EU Court

Previously in 2014, British law introduced a 15% levy for all international gambling operators who took offshore bets from UK citizens‘…’

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EU - Reverse Charge Discussions

At a meeting taking place on 16th June 2017 the Economic and Financial Affairs Council (ECOFIN) will be invited to agree its general approach on a proposal for a Council directive that would allow a temporary application of a generalised VAT reverse charge mechanism. This would be in derogation from the main general principles of the EU's current VAT system.

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Spain - SII Date Extension Dropped

Despite speculation suggesting otherwise the Spanish SII will enter into force on 1st July 2017 for all taxpayers, irrespective of individual circumstances.

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India - GST Rates Reduced

As we have been reporting the goods and services tax (GST) will be introduced in India on July 1st. In their latest meeting the GST Council have cut the rate on household goods and other essential items, increased the threshold for compliance requirements in certain sectors and approved a key set of rules relating to audits and accounts.  

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