The Polish Ministry of Finance introduces new reduced VAT rates from April 1st, 2020. Current reduced rates are 5% and 8%, and now dropping to 5% and 7% respectively. The new VAT rates impact in real life:
Starting from 1st January 2020, new rules intended to harmonise and simplify VAT rules of certain intra-Community operations are coming into force. These rules are commonly being referred to as “Quick Fixes” and may concern your company.
After Brexit happens, the United Kingdom will no longer be a Member of the EU and be considered as a third country from a EU perspective. This means that the UK will be governed by the WTO regulations and will not be part of the EU VAT system anymore. The EU VAT directive will no longer be applicable.
Do you have questions about how RMB can help your business? Send us an email and we’ll get in touch with you shortly, our VAT experts are always happy to help. You can also contact us by phone: +33 3 20 25 70 70.