Brexit update – Mrs. May took on the first Brexit Battle and lost. Who is next and what does this mean for business?
UK Prime Minister Theresa May formally quits as leader of the Conservative Party today. On 24 May 2019, Theresa May announced that she would resign as the Conservative Party leader today, on June 7. In her emotional speech, Mrs. May acknowledged that she had failed after her Brexit deal – the Draft Withdrawal Agreement with
Brexit Update – Mrs May resigns
One step closer to a no-deal Brexit? After three failed attempts to convince the members of parliament (MP’s) to support her EU withdrawal agreement, Mrs May has announced today that she will step down as prime minister of the UK. Only this Tuesday, Mrs May gave a speech in which she unveiled a 10-point plan
Reduced VAT rates for online newspapers, magazines and e-books have been approved in last session of the Federal Parliament
As from 1 April 2019 reduced VAT rates for online newspapers, magazines and e-books are applicable in Belgium. The EU Council has agreed in October 2018 on a VAT Directive to allow the EU Member States to apply a reduced (or even 0%) VAT rate to electronic publications, in order to modernise VAT for the digital economy
ECJ on sale-and-leaseback: new and interesting development in VAT
Last week the EU Court of Justice handed down a very interesting judgment regarding sale-and -leaseback transactions. The judgment radically impacts the way such and similar transactions are currently treated from a VAT perspective in Belgium. Mydibel is a regular tax payer and the owner of several buildings in Belgium. Mydibel fully recovered the VAT paid
First administrative comments on VAT on rent published!
The VAT administration published today the first commentary (Frequently Asked Questions) on the letting with VAT that came into force on 1 January 2019. For buildings that are under construction, already marketed and eligible for the optional VAT regime, it is essential to monitor the practical issues. The key points addressed in the FAQ’s are
VAT annual sales listing for 2018 transactions
Belgium requires all VAT payers to file an annual return with details about all domestic sales made in Belgium during the previous calendar year. This return, commonly referred to as the annual sales listing, includes detailed information about the sales made to VAT registered customers in Belgium. The deadline for filing this return is rapidly
