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value added tax (VAT) News




UAE Releases Executive Regulation On VAT

by Mary Swire, Tax-News.com, Hong Kong

Last updated 14 hours ago | Monday, November 20, 2017

The United Arab Emirates released Regulations setting out key elements of the rules surrounding value-added tax, which will be implemented from January 1, 2018. Read Full Story

 


Finland Questions EU VAT Reform Proposals

by Ulrika Lomas, Tax-News.com, Brussels

Last updated 14 hours ago | Monday, November 20, 2017

The Finnish Government has said that while it supports the broad aims of the European Union's value-added tax reform plans, certain aspects of the proposals are problematic, and may lead to increased costs for traders. Read Full Story

 


HMRC Given New Powers Against Tax Scheme Promoters

by Jason Gorringe, Tax-News.com, London

Last updated 14 hours ago | Monday, November 20, 2017

The Chartered Institute of Taxation has highlighted that two significant new penalties for tax non-compliance are now effective, following Royal Assent to Finance (No. 2) Act 2017. Read Full Story

 


Brexit Will Be A Challenge, Irish Finance Minister Says

by Jason Gorringe, Tax-News.com, London

Friday, November 17, 2017

Irish Finance Minister Paschal Donohoe has spoken of the scale of the challenge presented by Brexit and of the "complexity and difficulty that must be overcome." Read Full Story

 


HMRC Delays VAT Change On Pension Fund Management Services

by Jason Gorringe, Tax-News.com, London

Friday, November 17, 2017

The UK tax authority is to delay changes to the VAT rules for pension fund management services and amend its recent guidance. Read Full Story

 


UK Issues Guidance On Fulfilment Business Scheme

by Jason Gorringe, Tax-News.com, London

Friday, November 17, 2017

HM Revenue and Customs has launched guidance into a new due diligence scheme, the Fulfilment House Due Diligence Scheme, which aims to ensure that overseas traders comply with value-added tax regulations. Read Full Story

 


Amid Gig Economy Tax Debate, Deliveroo Wins Key Ruling

by Jason Gorringe, Tax-News.com, London

Friday, November 17, 2017

Following a damning ruling against gig economy ride-hailing service Uber, which provided that its drivers are entitled to rights typically reserved for employees, Deliveroo has successfully argued that its gig economy delivery drivers, of takeaway food, are self-employed. Read Full Story

 


IMF Urges Kuwait To Press Ahead With VAT

by Lorys Charalambous, Tax-News.com, Cyprus

Thursday, November 16, 2017

The International Monetary Fund has urged authorities in Kuwait to push ahead with the introduction of a value-added tax, having fallen behind the United Arab Emirates and Saudi Arabia, which are introducing VAT from January 1, 2018. Read Full Story

 


Chinese VAT Decision On Animal Feed Welcomed In US

by Mary Swire, Tax-News.com, Hong Kong

Thursday, November 16, 2017

China's Ministry of Foreign Affairs has announced that it has been again decided that US distiller's dried grains with solubles should be exempt from the 11 percent value-added tax. Read Full Story

 


Saudi Arabia Explains VAT Rules For Transport Sector

by Lorys Charalambous, Tax-News.com, Cyprus

Thursday, November 16, 2017

Saudi Arabia's tax authority has issued guidance on the value-added tax rules that will apply to transportation services when value-added tax is introduced from January 1, 2018. Read Full Story

 

 

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