An excellent service compared to the last company we used to recover our VAT
The standard rate of VAT in Slovenia will increase from 20% to 22% with effect from 1st July 2013. The reduced rate will increase from 8.5% to 9.5% at the same time.
The standard rate of VAT in Slovenia increases from 20% to 22% on Ist July 2013
With effect from 1st January 2013 the zero rate of VAT in Croatia has been replaced with a new 5% rate. The zero rate continues to apply for exports.
The standard VAT rate in Spain increased from 18% to 21% and the reduced rate from 8% to 10%, with effect from 1st September 2012.
The Finnish standard VAT rate increased from 23% to 24% from 1st January 2013. The lower VAT rates also increased from 9% to 10% and 13% to 14% respectively.
The standard rate of VAT in Latvia reduced from 22% to 21% effective 1st July 2012.
From 1st October 2012 the standard rate of VAT in The Netherlands increased from 19% to 21%.
From 1st March 2012 the standard VAT rate in Croatia increased from 23% to 25% and VAT on entertainment expenses became non-deductible.
The standard VAT rate in Cyprus will increase from 17% to 18% from 14th January 2013 and to 19% from 13th January 2014. The reduced rates of 5% and 8% remain unchanged until 13th January 2014 when the 8% reduced rate will increase to 9%.
The standard rate of VAT in the Czech Republic has increased from 20% to 21% from 1st January 2013 and the reduced VAT rate has also increased from 14% to 15%.
With effect from 1st January 2012 the VAT rate on hotel accomodation in Lithuania has been increased to 21%.
It is proposed that with effect from 1st December 2012 non-UK businesses must register for UK VAT if they make any supplies in the UK. This will mean that a foreign exhibitor at a trade show must register for UK VAT if selling goods from their stand, as would overseas companies making occasional sales in the UK. The draft proposal is available at http://bit.ly/xtoo0u
The standard VAT rate in Madeira increased from 16% to 22% on 1st April 2012. The reduced rates increased at the same time from 4% and 9% to 5% and 12% respectively.
In France from 1 January 2012 the reduced VAT rate increased from 5.5% to 7%. Exceptions are food, energy, and equipment for handicapped persons, which will remain taxable at 5.5%.
The standard VAT rate in Hungary increased from 25% to 27% on 1st January 2012.
The European Commission has issued a set of explanatory notes ahead of implementation of the new Invoicing Directive (2010/45/EU) on 1 January 2013. The notes cover a number of important topics, such as which Member State's rules will apply, e-invoicing and storage, and invoicing for exempt supplies. The notes are aimed at helping Member States transpose the new invoicing legislation in a more uniform way and providing business with the necessary information to adapt to the new rules in time. The notes are available at: http://bit.ly/mZbeGX
The ECJ has held that a person’s personal residence should not normally be taken into account when deciding where a taxable person has established their business.
Ireland have increased their standard rate of VAT from 21% to 23% with effect from 1st January 2012, and have introduced a temporary reduced rate of VAT of 9% on certain tourist related goods and services for the period 1st July 2011 until 31st December 2013.
The UK tax authorities have launched a campaign to find businesses that have not registered for VAT even though their turnover exceeds the registration limit of £73,000 p. a.
For over three decades Quipsound has operated from the largest global VAT recovery centre in the UK, and has built a team of highly qualified VAT recovery specialists. Quipsound is able to offer its clients the most comprehensive and highest quality global VAT recovery service.
Quipsound’s VAT recovery services are provided to companies throughout the world as diverse as pharmaceuticals, information technology, retail chains, telecommunications, insurance and banking, and manufacturers and service providers in every conceivable industry.
More than 5000 clients, including many of the world's largest companies, rely on the world's leading VAT recovery company to retrieve their refunds worth hundreds of billions of dollars.