Without much fanfare, last year, the EU introduced its new VAT One-Stop Shop (OSS), an electronic portal for businesses to pay their value-added tax (VAT) on e-commerce sales within the EU. It’s a ...

UK Chancellor Rishi Sunak claimed during his Mar. 23 Spring Statement that the UK can now introduce 0% VAT rates on items such as solar panels, heat pumps and insulation “thanks to Brexit” and because ...

The 2023 EU VAT Gap Report, recently published by the European Commission, demonstrates that the VAT gap narrowed again in 2021, continuing the trend that began in 2013. In this article, we look at ...

This is, for the most part, true as the UK can now set its own VAT rates across the board. However, in his speech (here Chancellor did not acknowledge that the European Union (EU) is also poised to ...