1st July: EU VAT changes – Are you ready?

1st July: EU VAT changes – Are you ready?

EU VAT rules change on the 1st July 2021 and every product that is sold from a non-EU country (e.g. USA, Great Britain, China), will now be liable to import taxes. The EU wide changes take effect on the 1st July 2021 when the €22 ($26) tax exemption limit will...
1st July: EU VAT changes – Are you ready?

EU VAT changes – Are you ready?

On the 1st July 2021 the previous VAT exemption limit of €22 ($26) for the import of goods into the EU will cease to apply. This means that every product that is sold from a non-EU country (e.g. USA, Great Britain, China), will now be liable to import taxes. The EU...
Protesters turn out to support right to repair

Protesters turn out to support right to repair

Protesters take to the streets of Brussels to support the right to repair and the failure of the voluntary agreement. Protesters take to the streets of Brussels, well the Schuman roundabout, at the centre of the EU district, to support the right to repair. The...
EU-China – That was the week that…?

EU-China – That was the week that…?

The EU is suspending plans for a trade deal with China and introducing steps to protect against economic competition from China that it deems unfair, and India is the new flavour in Brussels. “We now, in a sense, have suspended … political outreach activities...
EU to close €7 billion VAT loophole

EU to close €7 billion VAT loophole

The new rules will come into force on 1 July 2021 and are designed to make life simpler and fairer for all and close a €7 billion ($8.38 billion) tax loss, the EU says.  The European Commission reports that EU member states are losing out on an estimated €7...