Laura Gowland (KPMG) provides an overview of the changes to simplify and modernise the VAT rules on e-commerce.
The European Commission has presented a proposal to the European Parliament and the Council to keep the aviation EU ETS in its current limited form, applying only to flights within the EEA for 2017 and beyond.
The VAT rate for internet access services within Hungary decreased from 27% to 18% on 1 January 2017. The rate for other kinds of telecommunication, broadcasting or electronic services remains 27%. See VAT Information Sheet 3/2017.
The European Commission has opened three consultations as part of the ongoing work on its action plan on VAT, launched in April 2016. The three consultations are:
HMRC is to introduce regulations to put the existing 'vapour recovery scheme' extra-statutory concession on a statutory footing with effect from 1 April 2017.