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What is VAT? VAT (Value Added Tax) is a type of consumption tax. In the UK and the European Union, it is charged on goods and services. In practice, businesses do not pay VAT - instead it is charged to consumers in the price of goods and collected by businesses,...

Transatlantic Free Trade Area (TAFTA) is the most ambitious undertaking in the economic relationship between Europe and the US. Never before have so many issues been on the agenda at the same time. TAFTA provides for the elimination or significant reduction of customs...

In conducting business activity, entrepreneurs often conduct transactions with foreign partners, i.e. from other European Union or non-European Union countries. In order to correctly account for such transactions, taxpayers use a special number. This is the so-called...

Great Britain’s Brexit caused many changes in the functioning of the whole of Europe. Previously, the simple rules of the European Union regarding trade between countries within the community have now turned into new regulations and rules for exports and imports. What...

Intrastat is a statistical system for collecting information and establishing the status of intra-Community transactions. Intrastat information is declared by economic operators using Intrastat export declarations and Intrastat import declarations. Who is subject to...

VAT in France is called taxe sur la valeur ajoutée - TVA. VAT was first introduced in France in 1954. Currently, French VAT law is contained in the main tax code called "Direction Générale des Douanes et Droits Indirects" (Directorate General of Customs and Indirect...

The Court of Justice of the European Union in the case C 895/19 on March 18, 2021 announced the judgement concerning delayed reporting of intra-Community acquisition. The court concluded that the Polish provisions of the VAT Act resulting in the need to pay interest...

The Polish tax authorities have concluded bilateral cross-border agreements organizing cooperation to combat VAT fraud with a number of other EU member States such as, at this time : Czech Republic, Estonia, Germany, Hungary, Lithuania and, Slovakia.These agreements...

From October 1, 2020 VAT payers in Poland are required to mark their sales invoices with the new GTU marking, i.e. codes for selected groups of goods and services in the new SAT-T called JPK_VAT7.  It is not obligatory...

According to the Polish VAT law provisions a taxpayer not having a registered office or a fixed establishment in the territory of a Member State, subject to the obligation to register as an active VAT taxpayer, is required to appoint a fiscal representative. This rule...