The incidence of Brexit in the various taxes whose application corresponds to the Autonomous Community of the Canary Islands has been regulated by the Regional tax authorities in the Resolution of January 28, 2021, which has been published in the Regional Official Gazette of 5 February 2021. As pointed out by the Resolution, the fact that the United Kingdom is not to be considered a Member State of the European Union since 1st January 2021, except for the territory of Northern Ireland, with rega...

Billentis Report details the fundamental changes that electronic invoicing and related processes will face in the coming years. The study provides extensive information to successfully implement and practice e-invoicing. In addition to numerous facts, the study also offers qualitative analyses on today’s typical market offerings. Highlights: What volume & share does the electronic invoice market currently account for? How will it evolve over the next few years?Which factors are driving the f...

Article 33 of Council Directive 2006/112 / EC of 28 November 2006 on the common system of value added tax must be interpreted as meaning that, in the case of goods sold by means of a website by a supplier established in one Member State to buyers located in another Member State, when, for the purpose of the delivery of these goods, these buyers, in accordance with the shipping options offered by this supplier, choose a company suggested through this site with which they conclude a contract disti...

The Official Journal of the European Union on 31 December 2020 publishes Commission Implementing Regulation (EU) 2020/2254 of 29 December 2020 on the making out of statements on origin on the basis of supplier’s declarations for preferential exports to the United Kingdom during a transitory period. According to this Regulation, applying from 1st January 2021, "an exporter may until 31 December 2021 make out statements on origin for exports to the United Kingdom on the basis of supplier’s declara...

Free webinars aimed for organizatios trading between the EU and this the UK are offered at the site of the UK Government. Among other, the following topics on importing and exporting goods to and from the UK are offered: ExportersCompleting customs import declarationsHow to continue to trade at the end of the end of transition periodExporting: actions you need to take to prepare for 1 January 2021Importing: staged controls and how to prepare to use themUK transition trader responsibilitiesExport...

As advanced in a former entry, a significant practical implication of the Brexit for UK companies operating in other member states is how to recover the input VAT they may incur since the 1st January 2020 in these countries when there is no local VAT charged and, as a result, there are no periodical VAT returns where such input VAT can be compensated. Since the said date and due to the Brexit the special procedure regulated in Directive 2008/9/EC of the Council laying down detailed rules for the...