The September deadline (30th September) applies to EU companies reclaiming EU VAT under the 8th Directive, i.e. EU companies reclaiming VAT within EU countries that do not include their home country. This consists of the period for VAT incurred between 1st January and 31st December. The September deadline also applies to non-EU companies claiming from […]
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One Stop Shop (MOSS) to be Expanded to a One Stop Shop (OSS)
From 1 July 2021, the current Mini One Stop Shop (MOSS) will be expanded to a One Stop Shop (OSS). At this point in time, the Import One Stop Shop (IOSS) will also go live. From 1 April 2021, an eligible business may opt to register for these schemes in advance of the 1 July […]
More Info »VAT Submission Deadline
EU businesses with UK VAT incurred during the period, 1st January to 31st December 2020, must submit their VAT reclaims by the 31st March 2021. For more information call +353 1 458 7460 or email info@globaltaxreclaim.com.
More Info »Brexit from a UK Claimants perspective
If you are a UK Business including the Isle of Man who is claiming EU VAT incurred on or before 31 December 2020 you must submit your VAT claim through the HMRC Electronic Portal by 31 March 2021. Please note that from 1 April 2021 UK businesses will no longer have access to the EU […]
More Info »Changes to reclaiming VAT in the UK 2021
At 11 pm on 31st December 2020, the Brexit transition will be complete. From the 1st January 2021 the majority of Great Britain (England, Scotland and Wales) VAT will be due at the point of sale that is sold directly to a consumer from outside of the region of a consignment of goods with a […]
More Info »Brexit: What you need to know about the UK leaving the EU on January 31st 2020
The European Parliament has given its blessing to the UK’s Brexit deal. Following this vote, the United Kingdom will no longer be a member of the European Union as of 11:00 pm on the 31st of January 2020. What will happen after January 31st? After the United Kingdom leaves the EU on the 31st of […]
More Info »2020 deadline dates to keep in mind when reclaiming VAT
As a business you can claim back VAT that you have been charged for a good or service that has been supplied to your business or an employee of your business. Employees travelling internationally are one of the biggest sources of reclaimable VAT. Depending on nominal criteria varying from country to country, this includes VAT […]
More Info »MEPs vote for change to EU cross-border VAT rules.
According to studies carried out, EU countries lose up to €50 billion to cross-border VAT fraud every year. The new rules should raise €7 billion in additional VAT revenue. Members of the European Parliament have voted to make it mandatory for payment service providers to collect cross-border e-commerce payment to crack down on VAT fraud. There […]
More Info »VAT 2020: Approved & Proposed VAT rate changes
VAT 2020 – International VAT is regularly changing, take a look at some of the VAT rate changes for the new year that may impact you and your business. Approved VAT rate changes Hungary From January 1, 2020 Hungary will reduce the VAT rate for accommodation services for hotels, B&B and house sharing from 18% […]
More Info »Is your business entitled to a VAT refund?
What is Value Added Tax? VAT is a consumption tax levied on goods and services and the national tax systems of Europe, Canada, Japan and Australia allow for a refund of VAT to most non-resident business entities worldwide. For VAT not related to travel and entertainment, registration for VAT may be required in order to […]
More Info »Brexit: What does it mean for your Business and VAT.
What is Brexit? On the 23rd of June 2016, the United Kingdom voted to leave the European Union (EU) in a referendum. From this date, the European Union and the United Kingdom had 2 years to negotiate arrangements for the UK to leave. This meant that the UK was expected to leave the EU on the 29th […]
More Info »We hold the keys to a successful Partnership when it comes to Indirect Taxes
Our Partners include leading companies in travel, technology and financial services. We combine our expertise in Indirect Taxes, such as VAT Recovery, Compliance and Technology with the key competencies of our partners. Ensuring that our clients receive the best-in-class solutions that open up their resources, discover savings and increases productivity. At GTR we offer an […]
More Info »VAT Compliance and how Global Tax Reclaim can help.
VAT Compliance The increased reporting obligations imposed by the tax authorities and the penalties for non-compliance means a lot of time and resource is taken up by compliance. When you’re in business Tax reporting is required, as a result this can be a drag on your resources and takes away key focus from your business. […]
More Info »What is VAT and VAT a refund?
What is VAT? VAT is a consumption tax levied on goods and services in many international jurisdictions. The national tax systems of Europe, Canada, Japan and Australia allow for a refund of VAT to most non-resident business entities worldwide. VAT Refunds Most registered businesses, subject to VAT, are entitled to VAT refunds. VAT refund rules […]
More Info »VAT Deadline for Norway moved to September.
Norwegian tax authorities announce the deadline to file VAT refund claims is no longer 30 June. For the previous calendar year the application deadline for the refund of Norwegian VAT was June 30th this has been changed to 30th September. Claimants who did not submit their 2018 refund claims by the 30th June therefore have […]
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