VAT News

Greece Announce UK Businesses Will Require A Fiscal Representative in They Leave the EU Without a Deal

In the event the UK withdraws from the European Union on October 31st without a withdrawal agreement (a no-deal Brexit),companies which are established in the UK and have obtained a Tax Identification Number (VAT Registration Number) for VAT purposes in Greece, will now have to appoint a fiscal representative in Greece should they wish to continue to perform taxable transactions after the withdrawal date.

However, it was clarified that in cases where a tax representative is not appointed after the withdrawal date, the VAT Number can only be used for the fulfilment of their VAT obligations, such as submission of VAT returns and payment of VAT due, for transactions that were carried out up until the UK’s withdrawal date.

Related articles

HMRC: No VAT on e-Publications for UK Citizens as of 1 May 2020

HMRC has scrapped VAT completely off e-books and e-publications from 20% down to 0%. In an effort to make reading more accessible for the UK public while in self-isolation due to the Coronavirus, HMRC fast-tracked the motion and implemented it seven months ahead of schedule. 

Read more
COVID-19 VAT tips for businesses

These COVID-19 VAT tips for businesses will help companies around the world boost liquidity in times of economic challenges. Learn how to harness VAT refunds and compliance.

Read more
COVID-19 VAT Cashflow Tips (Part Two)

COVID-19 is affecting business in ways no one thought possible. In order to free yourself from the burden of cashflow worry, we’re trying to do our bit to advice you on ways you can inject income into your bottom line.

Read more