Brexit update: European Commission proposes amendments to the EU rules on VAT
European Commission proposes amendments to the EU rules on VAT to facilitate trade between EU Member States and Northern Ireland once Brexit will become effective The European Commission recently proposed a key amendment to the Value Added Tax (VAT) Directive in order to facilitate trade between Northern Ireland and EU Member States in a proper
Brexit update: BE VAT registration with the appointment of a fiscal representative for UK companies
Considering the UK left the European Union on 31 January 2020 and the ‘stand-still‘ transition period will come to an end on 31 December 2020, new details on how UK companies will need to organize their business in terms of VAT registration in Belgium and the related timing to comply are beginning to surface. As
FTA between EU and Viet Nam to enter into force 1 August 2020
On 30 June 2020 it was published in the Official journal of the European Union that the Free Trade Agreement (FTA) between the European Union (EU) and the Socialist Republic of Viet Nam (Viet Nam) will enter into force on August first of this year. What can this possibly mean for your company? If
VAT due on Aladdin services, BlackRock VAT case released – A new challenge for fund asset managers!
The VAT exemption applicable to the management of Special Investment Funds (Article 135(1)(g) of the VAT Directive) raises several issues. Those issues are related to both the concept of “management” and the “type” of funds that benefit from the exemption. The VAT Committee responded to some questions in 2017 but these concepts are certainly not
Brexit update – UK now formally rejects the extension period
The UK today formally informed the EU that it will not seek any extension of the transition period. Hence the transition period which started on 1 February of this year will come to an end on 31 December 2020. The idea behind the transition period was for both parties to secure a trade agreement and
ICS2 – Coming new EU customs pre-arrival security and safety program
The European Union will launch a new EU customs pre-arrival security and safety program which will be handled via the so-called Import Control System 2 (ICS2), a large-scale information system. The new program is essential for managing entry security and safety border controls. The program will help to establish an integrated EU approach to reinforce
UK has published its future import tariffs
During the current Brexit transition period, goods can still be shipped tariff free and without import and export formalities from the EU mainland to the UK and vice versa. After the transition period, scheduled for 1 January 2021, EU – UK trade will be subject to import and export formalities and the UK will set
Brexit and COVID-19: another extension debate?
As, today, companies are dealing, as a priority, with the impact of the COVID-19 crisis on their overall business, the question arises what impact COVID-19 will have on the Brexit timeline. The UK formally left the EU on 31 January 2020. Unless an extension is requested before 1 July, the agreed transition period will
