Indirect Tax News Issue 1/2021 - March 2021
12 March 2021
The year 2020 was difficult for us all across the globe. The current year sees signs of hope with the successful development of vaccines and their global role out. We hope you are all safe and remain so in 2021. Unsuprisingly we see that governments are still coming up with fiscal measures to cope with the economic consequences of the pandemic, many of which you can read about in this edition of BDO Indirect Tax News.
Post Brexit, there are also various developments both in the UK and in other EU Member States. For example, in Ireland it is possible to postpone the liability to pay VAT on importation. In Italy, tax representatives do not have to be appointed by UK companies, in Poland they have to appoint tax representatives at the moment (but work is in progress to end this). It is clear that many businesses still do not recognise the full consequences of Brexit yet. It is important to still pay attention to this area.
In this Issue:
Content adapted from BDO Global