Tax Timeline

Being up to date with tax regulatory changes is essential for businesses. Especially when it comes to the nitty-gritty details that have impact on your day-to-day compliance work. Follow the timeline and make sure you are ahead of the game.*
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  • January 2020

  • Approved EU

    Effective date of EU VAT Quick Fixes (country-by-country implementation may vary)

    Approved AT

    Introduction of detailed recordkeeping obligations for Marketplaces relating to supplies made by third parties on their platforms (to be provided on request)

    Approved BG

    Abolishment of VAT registration threshold (BGN 50,000) for foreign taxpayers

    Approved CH

    Mandatory e-filing of VAT returns

    Approved FR

    Marketplaces to provide information on the transactions performed by their sellers

    Approved HU

    Bad debt relief in effect

    Approved LT

    Introduction of calendar quarter VAT reporting period for taxpayers with a yearly income below EUR 300,000 ( the i.SAF invoice registers are still to be filed on a monthly basis)

    Approved NO

    Introduction of mandatory SAF-T file format, summary to be provided upon the tax authorities' request

    Excise duties and VAT applicable to food, beverages, and other goods subject to Norwegian excise duties regardless of the value of the goods

  • Approved SI

    5% VAT rate will become applicable to printed and to electronic publications

    Approved HR

    The preparation and supply of meals, including desserts, inside and outside a catering facility will be subject to the 13% VAT rate

    Approved IE

    VAT rate for food supplement products will be increased to 13.5%

    Planned AT

    Supply of e-books and e-publications will be reduced to 10%

    Approved HU

    VAT on accommodation services from hotels, B&B and house sharing will be reduced from 18% to 5%

    Approved IT

    The reduced rate of 5% will be applicable to sales of feminine hygiene products; also, driving school tuition fees are no longer VAT exempt.

  • February 2020

  • Approved EU

    New ESL forms may be in effect in various countries due to the new call-off stock rules

    Approved RO

    Abolishment of mandatory split payment mechanism

  • There is no news (that we know of) for March 2020.

  • April 2020

  • Approved PL

    Bakery, confectionery products, printed books, e-books, tropical and citrus fruits will be subject to 5% VAT rate; The 8% VAT rate will become applicable to newspapers, specialist periodicals and numerous unprocessed spices

    Approved ES

    The reduced VAT rate of 4% to be applied to supplies of electronic books and digital press

    10 % reduced VAT rate will be applicable, among others, to books, newspapers, catering services, repair and adaptation of clothing and textile articles

  • Approved BE

    Introduction of a new quarterly statistical summary: each member of a Belgian VAT group with an annual turnover of at least EUR 15 million to report to the National Bank of Belgium

    Approved NL

    Introduction of re-defined "exporter" rule: it will no longer be possible for a person not established in the EU to be indicated in box 2 of the export declaration

    Approved NO

    Introduction of a simplified system applicable to importation of low-value goods sold via online sellers and marketplaces (VOSC system)

  • May 2020

  • Approved CZ

    10 % reduced VAT rate will be applicable, among others, to books, newspapers, catering services, repair and adaptation of clothing and textile articles

    Approved SI

    VAT exemption for supplies of protective and medical equipment

    Approved BE

    The reduced VAT rate of 6 % is to be applied to masks and hydroalcoholic gels until the end of 2020

    Approved IT

    Medical and individual protection goods and devices will be subject to 5%, masks will be zero-rated until the end of 2020

    “Super-reduced” 5% rate of VAT for supplies of certain medical goods, but VAT exempted till December 31, 2020

    Planned AT

    The VAT rate on non-alcholic drinks is reduced to 10%

    Approved NL

    Temporary VAT zero rate on supply of protective face masks from 25 May to 1 September 2020

    Approved UK

    0% VAT rate applies from 1 May 2020 until 31 July 2020 to the supplies of personal protective equipment

    Approved FR

    5,5% VAT rate is applicable to masks, protective suits and personal hygiene products

  • June 2020

  • Planned CZ

    15 to 10% on accommodation services and admission to cultural and sporting events

    Approved BE

    6% VAT rate will be applicable for the restaurant and catering sector until the end of 2020

    Approved AT

    It is planned to decrease the VAT rate to 5% in respect of restaurant and similar hospitality services, and entrance to cultural venues until the end of 2020

  • July 2020

  • Planned GR

    The application of the reduced VAT rates to the five islands Leros, Lesbos, Kos, Samos and Chios will be abolished

    Approved DE

    The reduced VAT rate of 7 % is to be applied to the supply of restaurant and catering services until 20 June 2021

    Planned DE

    The standard VAT rate will be reduced from 19% to 16% while the new reduced rate would be 5% until the end of 2020

    Approved SA

    Standard VAT rate will be increased from 5% to 15%

    Approved UK

    The VAT rate on hospitality services will be cut from 20% to 5% until 12 January 2021

  • Approved HU

    Real-time Reporting scope extension: the current reporting threshold of HUF 100,000 will be abolished

    Postponed launch of the RTIR 2.0 as obligatory for taxpayers

    Approved IT

    Introduction of pre-prepared quarterly VAT communications for domestic taxpayers based on e-invoicing and Esterometro

    Approved HU

    New JPK (VAT submission schema) in effect for all taxpayers, postponed implementation deadline for large taxpayers

    Planned GR

    Planned introduction of e-invoicing on a voluntary basis in July 2020

  • There is no news (that we know of) for August 2020.

  • September 2020

  • Approved IE

    Standard VAT has been decreased from 23% to 21%

  • October 2020

  • Approved PL

    New JPK (VAT submission schema) in effect for all taxpayers

    Approved PT

    SEPA direct debit option is now available for VAT payments

  • There is no news (that we know of) November 2020.

  • December 2020

  • Planned UK

    UK to leave EU VAT regime under the Withdrawal Agreement

    Approved RO

    Standard Audit File for Tax purposes (SAF-T) to be introduced by the end of 2020

  • January 2021

  • Approved EU

    New e-commerce VAT rules enter into force; based on a proposal published in May 2020, this may be postponed to 1 July 2021.

    Approved IT

    Introduction of pre-prepared VAT returns for domestic taxpayers based on e-invoicing and Esterometro

    Planned PL

    Planned introduction of live VAT e-invoice reporting

    Approved CZ

    Abolishment of VAT exemption for small consignments originating from outside the EU

    Approved PT

    Introduction of mandatory B2G e-invoicing for large businesses (postponed deadline)

    Approved SE

    Computer chips; mobile phones; games consoles; laptops and computer tablets will be subject to reverse charge

    Approved FI

    Katso authorization replaced by e-Suomi

    Planned GR

    Planned introduction of e-invoicing and e-books on a mandatory basis

  • Planned BG

    VAT rate for restaurants and places of entertainment registered under the Tourism Act expected to be cut from 20% to 9%

    Planned IT

    Planned VAT rise from the current 22% to 25% (Jan 2021), and then to 26.5% (Jan 2022) - delayed due to COVID-19 crisis

  • There is no news (that we know of) for February-March 2021.

  • April 2021

  • Approved HU

    Real-time Reporting scope extension: B2C transactions are to be reported as well (extended deadline)

    Approved UK

    MTD Phase 2 - no manual corrections or manipulations allowed after this date / suspension of penalties on late MTD filings ends (postponed deadline)

    Approved OM

    Planned introduction of VAT

  • There is no news (that we know of) for May-June 2021.

  • July 2021

  • Approved PT

    Introduction of mandatory B2G e-invoicing for small and medium sized businesses (postponed deadline)

    Planned PT

    Non-established VAT registered companies must adopt the certified invoicing software (extended deadline)

  • 2022

  • Planned FR

    Based on current plans, all businesses would be able to benefit from the postponed import VAT accounting scheme in France

    Planned PL

    Planned implemention of mandatory e-invoicing in B2B situations based on the current Italian pre-clearance model which would replace the currently existing JPK (SAF-T requirements)

    Approved PT

    Introduction of mandatory B2G e-invoicing for micro-businesses (postponed deadline)

* The information contained in our “Tax Timeline” is for general guidance only. It should not be regarded as a substitute for professional advice, nor should it be used as a basis for implementing any business decisions, without properly consulting your tax advisors. Whilst we have made every attempt to ensure the information has been obtained from reliable sources, Tauxally is not responsible for any errors or omissions.