VAT News April 2011

To receive our free VAT news updates, click here.

Australia

review of GST sharing arrangement between States

Czech Rep

VAT rate to be cut from 20% to 17.5%, and merged with reduced 10% rate

Czech Rep

VAT bad debt relief on bankrupt customers

Finland

reduced VAT rates for small traders

Finland

new VAT return form

France

French Court of Auditors recommends a VAT increase

France

Prime Minister Fillon rules out VAT cut due to impact on rising inflation

Gulf States

IMF pushes for introduction of a VAT regime

Hungary

VAT changes to property rental

India

govt sends GST implementation Bill to Parliament but faces delay on 2012 deadline

India

Nagaland increases VAT from 12% to 13.5% in face of growing deficit

Iran

VAT to be increased from 3% to 4%; plans to increase to 8% by 2015

Japan

speculation of a long-anticipated rise in consumption tax following recent disaster

Mexico

bill to repeal reduced VAT rate in US border regions

Montserrat

introduces a new consumption tax at 15% from July 2011

Poland

plans to introduce reverse charge for non-residents on local sales transactions

Portugal

further VAT rise looms as government falls following new austerity proposals

Romania

delays VAT reduction in favour of potential employer tax cuts

Singapore

restated no plans to cut GST from 7% despite inflationary pressures

South Africa

electronic VAT return changes

Turkey

VAT amnesty until May for the period 2006-9

UK

VAT registration threshold rises to £73,000 per annum

UK

Channel Island low-value goods VAT loophole only reduced by £3 to £15


 
bottom illustration of a fence